Tools Help Improve Organizational Performance
The performance of an organization is very much important to improve and this makes the working in an organization more appropriate. The performance evaluation of an organization within employees is as important as organizations task accomplishment is important. Several things are there that needs to be managed and evaluated properly. The manager is concerned with this work and in this way they are going to have an evaluation of its employees working performances. The time and money of the company can be saved by working on the performance evaluation smartly. The data is going to use for the performance and reward management is gather from the organization and all that area where the employees are performing their task for achieving the objective of the organization (LaMarco, 2019).
Some tools help managers to evaluate the performance of its employees including:
Pareto diagram which is a chart made on 20/80 principles as when you have 20 input it will analyze 80 output and if you will take 80 output then it will take 20 output. There are many of the things are also there that helps to get rid of the issues come in performance evaluation and those are good to evaluate. In every organization, the most valuable possession is employees and their continuous encouragement also enhance the performance of the organization.
To give the encouragement and recognition the reward system is going to introduced in the environment of the organization for maintaining the performance of employees and raise it to an extraordinary level that the company is going to expect from its employees. Reward system includes many components like total pay of the employee, positive workplace, compelling future and individual growth through many opportunities. So the reward system helps to promote performance management in the organization through its all employees and help to maintain the better objective of the organization. So the link between reward and performance management must be strong. (ukessays.com, 2016).
Techniques in terms of efficiency
When the organization is going to manage the performance of the employees then it must consider many different elements or components for the employees and also considered for the organization. These different elements or factors related to managing the performance are capabilities, good and bad performance, development and improvement, monitoring, reward and compensation and planning and expectations. Capabilities mean that organization must determine the capabilities of the employees and also consider how many employees can perform that task, its qualification and experience related to that field.
Good and bad performance must be determined while performing the task of the organization.so management judge which employee is performing well and which is just wasting the time and resources. Development and improvement determine how much the employee are going to utilize the resources and work in development way and how much they improve their new performance as compare to previous with the performance reviews. Monitoring means that performance is going to consider at every step to avoid any issue. Reward and compensation are provided to employees according to their performance and role and responsibilities. Planning and expectation setting help to determine what are actual targets of the organization and employee work in the same direction or not. (keenalignment.com, 2011).
human resource management
In recruiting, motivating and keeping employees loyal the total reward system includes all type of efforts related to employees. Normally the total reward system includes five types of components; work-life balance, recognition, professional development, benefits and compensation. Work-life balance means that the employee gets a chance to accomplish their targets as a reward in the organization. Recognition means that employees get a sufficient rank according to its performance in the organization. Professional development means that get the facility from the advancement opportunities and learning at a professional level. Benefits mean that all employer options and mandatory programs and compensation means that all the different ways employees are used for earning money in the organization.
The reward system includes two different types the one is financial and the other is a non-financial reward that is provided to employees against their best performance. Financial rewards are helping in satisfy the monetary and future security need of the employees and this includes different type of rewards of financial nature like perquisites, commission, stock options and co-partnership, retirement benefits, profit sharing, bonus, productivity linked wage, pays and allowances. With financial rewards, the organization also gives non-financial rewards to all its employees against their better performance.
These non-financial rewards include employee empowerment, employee participation, employee recognition programmes, job security, job enrichment, career advancement opportunity, organizational climate and status. These all are the rewards that employee receives from the organization against their best and excellent performance and with this, they also maintain their loyalty and exist in the organization for a long period. Reward motivates the employees and their work in the organization and employees know that their hard work must consider by the organization and they receive some reward against their efforts in achieving the targets of the organization. (topper.com, 2019)
Productivity in Organizational Performance
Performance management is an important part of every organization because it determines the performance of the organization with the standards and organizational performance is going to improve with the framework of performance management. It produces a high-performance culture in the organization and with this, it upgrades skills of all employees and taking the responsibility of improving the processes of the business regularly. The relationship of performance management is very strong with the objective of the business because it supports to obtain the maximum results or making the system and subsystem of the organization more effective and improve their working skills. The success of the organization is depending on the performance and its management among the organization. So the main objective of the performance management is promoting the personal growth and bring advancement in the employee career, identify the barriers in the effective performance, it encourages the employee empowerment, motivation and implementation and also identifies the skills and knowledge for performing the job efficiently. And with this also achieve the standard of work performance in the organization. The organization performance is going to be manageable with performance management and further explain how to improve the working performance of the organization. (managementstudyguide.com, 2019)
Role Of Employee Wellbeing In Improving Motivation And Performance
The performance management system is very important in the organization and all the elements of the organization are going to affect the performance management system. For review the annual performance of the organization proper performance management, different solutions or components are going to utilize in the organization. Multiple components are using in the organization for the performance improvement like manager reviews, engagement survey, 360 performance reviews, social recognition, goal setting, goal alignment and succession planning.
Many different types of performance management components help the organization to improve the performance and working criteria of the organization and with also clearly maintain the employee working skills, and motivate the employees by giving them more opportunities and enhance their experience related to an organization working set up. System of performance management review all the setups and previous system of the organization to check what are the drawbacks in the performance of the organization and how to improve the performance for the future. All the employees of the organization also promote the performance of the organization by providing an annual review of the previous work and consider all the positive and negative points in the work of the organization. (imprise.com, 2019 ).
Importance of Stimulating and Peaceful Environment for Workers
A performance review is considering important part of the performance management as it enhances the communication and also provide better feedback related to the performance of the job, create a better working relationship, great contribute in the development and also provide a historical record related to performance. Regular feedback helps improve the performance of the organization and with this management gets regular updates about the performance of employees and the working setup in the organization. The review session is going to prepare for the employees of the organization at regular intervals to keep proper check and balance of the performance of the employees and the performance of the organization.
The performance review must be conducted in many times in a year because the performance of the organization is determining to generate better results and also provide a profitable result when the performance is going in a great way. A performance review is going to conduct to determine the performance of the employees in the right direction and the strategies set by the organization must be following by all employees. The purpose of the performance review is mainly upgrading the working of an organization and generates better results and achieves the objective of the organization in a better way. (lawrence.edu, 2018)
Environment Effect On Motivation and Performance
Performance management is directly related to the motivation of the staff. It means that staff is going to be motivated when their performance is going to be considered and senior management determines the efforts of the employees by the performance review and determine how much the employee or staff members give their best efforts to obtain the target of the organization. Different organization use different motivation theories for the motivation of their employees and staff and also promote the working criteria of the organization by achieving the targets of the organization.
Some of the motivational theories are Hertzberg's two-factor theory that includes hygiene factor and motivator factors, Maslow's hierarchy of need that includes five different levels that are self-actualization, esteem, love or belonging, safety and physiological, Hawthorne effect that include lighting, working hours and breaks related to the staff of the organization, expectancy theory that includes three major elements like valence, instrumentality and expectancy related to desired goals of the organization. Three-dimensional theory of attribution is also considered that explain the behaviour of the people. It includes three main characteristics which are a locus of control, stability and controllability.
These all type of motivational theories is help in the organization to improve the performance of the staff of the organization and with also improve their performance which is better in achieving the organizational goals. Staff motivation is very important because employees are a major part of the organization and no organization can obtain its targets or goals without the support of its all team of employees. Performance management is considering important in every type of organization to improve the working and skills of the employees because when the employees are performing well then the output of the organization also better as compared to previous results.
The performance management system work at all level of the organization and with this support the work of all type of employees because when the performance is going to review the all flaws and positive aspects are going to determine that show that what area needs improvement and what is going at stability position. The employee when knowing that their performance is going to measure and review then they give their best in achieving the targets and also work at a high level to create a better outcome for the organization and also improve the performance of the employees in a positive direction. (contactzilla.com, 2019).
The Hierarchy, The Rules of Human Resource at Work | Management | People and Performance
In an organization, performance management explains how the organizational progress support for obtaining the goals and targets of the organization with the most reasonable actions for improving the performance of the organization. It helps in achieving the objectives of the organization and also focus to understand the performance of the employees. Behind the rewarding of employees, the main purpose is to motivate them, reducing the cost of turnover and retaining in the organization.
Conclusion of Human Resource at Work | Management | People and Performance
According to the above studies, we can determine that the performance evaluation system is a major and important part of every organization and without this, no organization can improve its performance with its employees. The motivation of employees is very important in the organization to enhance their moral and also maintain them for a long time and keep them loyal with the organization and its objectives.