PRMPRM 1.1 Describe at least two purposes of performance management and their relationships to business objectives.
Performance management is about creating a culture that encourages the continuous improvement of business processes and of individuals’ skills, behaviour and contribution. It is a repetitive process that is continually reviewed and is both strategic and integrated. It is about broad issues and long-term goals and integrated by linking various aspects of the business, people management, individuals and teams to delivering successful results in organisations. It does this by improving performance and developing the capabilities of teams and individuals.
The two main purposes of performance management are;
Managers manage effectively.
Promoting a two way system of communication between the supervisors and the employees for clarifying expectations about the roles and accountabilities, communicating the functional and organisational goals, and providing regular and transparent feedback to ensure the employee is aware of their current performance and whether they are on track to meet the objectives they have been set and giving continuous coaching and development.
Individuals know what is expected of them.
It gives the employees a greater understanding of what the business is trying to achieve and how the employee’s performance within their role will contribute to this achievement. It will maximise the performance of individuals within an organisation and will contribute to the business achieving its goals They will not only be aware of the standard of performance required by them but also how they are doing in relation to the required standards and how to develop their performance to help the business reach its objectives.
Employee has a clear understanding of their role.
Performance management will ensure the individual knows exactly what