BNET Business Dictionary
Business Definition for: Performance Management
- the facilitation of high achievement by employees. Performance management involves enabling people to perform their work to the best of their ability, meeting and perhaps exceeding targets and standards. Performance management can be coordinated by an interrelated framework between manager and employee. Key areas of the framework to be agreed are objectives, human resource management, standards and performance indicators, and means of reward. For successful performance management, a culture of collective and individual responsibility for the continuing improvement of business processes needs to be established, and individual skills and contributions need to be encouraged and nurtured. One tool for monitoring performance management is performance appraisal. For organizations, performance management is usually known as company performance and is monitored through business appraisal.
Additional Resources
- Performance Management And Appraisal: Chapter 11
- Performance management is in vogue among new-age corporations. Appraising the workforce on the basis of their performance instills the motivation in them to excel in their work, thereby, increasing the productivity of the organization. The paper discusses the importance, benefits and relevance of performance management in organizations. The paper also...
- Presentations 2003-01-01
- What A Performance Appraisal Is And What It Is Not
- Performance appraisals are an important part of performance management. In itself an appraisal is not performance management, but it is one of the range of tools that can be used to manage performance. Because it is most usually carried out by line managers rather than Human Resource HR professionals, it...
- White papers 2007-05-17
- Performance Management: Who Should Use Performance Management Consulting Services?
- Performance management is critical to focus people on the right things to drive business results. In today's dynamic, customer-driven marketplace, an effective performance management system equips and energizes people to take responsibility for their performance and accomplish superior results. Consistent, demanding standards of performance foster a high-performance culture. Yet many...
- White papers 2003-09-17
- Managing Performance: Building Accountability For Organizational Success
- When a performance management system is successful, employees are able to attain virtually all their performance goals, which lead to successful business outcome. The paper examines the practices and system qualities associated with performance management. It identifies trends in performance management practices and the most common barriers faced. Finally, it...
- White papers 2003-01-01
- How To Take The Pain Out Of Performance Reviews
- From the executive summary: ‘For many years, performance management was an annual event dreaded by both the management and the workforce. Today more than ever before, the entire performance management process is in the spotlight. Companies need factual, reliable systems to make tough business decisions. Performance management data is being...
- White papers 2003-01-01
- Setting Up A Performance Management System
- Setting up of a good performance management system doesn't happen overnight or by accident. You need to consider its design and carefully plan how it will work - before managers begin using it to evaluate employees. The article says that a performance management system should provide employees with these four...
- White papers 1999-01-01
- Integrated Performance Measurement: The Measures Should Carry The Message
- A performance that cannot be measured cannot be improved. This message is echoed in this white paper that states a systematic approach to performance improvement through an ongoing process of establishing strategic performance objectives; measuring performance; collecting, analyzing, reviewing and reporting performance data; and using that data to drive performance...
- Presentations 2001-05-01
- Creating A Better Performance Management System
- Managing performance is one of the more difficult and complex activities within organizations. It is also one of the most important activities to undertake. The potential impact of the performance management process cannot be underestimated. The right performance management system will nourish and unleash human potential, while an inadequate one...
- White papers 2007-02-01
- Using Bi-directional Performance Management
- Bi-directional performance management recognizes that for performance to improve, both manager and employee must receive feedback on how well they are fulfilling their obligations to the organization and to each other. It also recognizes that each staff member and his/her manager must clarify and negotiate expectations regarding each other's roles...
- White papers 2003-01-01
- Basic Principles Of Performance Management
- Performance management is the systematic process of monitoring the results of activities and collecting and analyzing performance information to track progress toward planning results. Performance management uses performance information to inform and program decision-making and resource allocation. The main objective is to communicate results achieved, or not attained, to advance...
- White papers 2003-01-01
- Behavior Matters: A Process Approach To Performance Management - What's Wrong With Performance Management?
- Performance management is a key element of most significant process efforts. In most organizations, it is limited to appraisals alone. In some, it encompasses a loose process comprised of goal and standard setting, intermittent coaching, and year-end performance evaluation. In very few organizations, performance management is viewed as a more...
- White papers 2004-04-01
- Measure vs. Manage
- The practice of performance measurement is essential when managing enterprise performance. Yet far too often, performance measurement is confused with the iterative process of performance management. This article will explain that although performance measurement is an integral part of the management process, the two are not equals. In addition, this...
- White papers 2000-01-01
- Performance Management: You Get What You Request and Reward
- Performance management encompasses the most important people issues in the organization. Performance management includes the entire relationship one has with the people one employs. Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities. Performance...
- White papers
- Business Performance Management in Higher Education
- Business Performance Management is an emerging term that denotes a process-centric, holistic approach to business decision-making that is intended to improve the capability of a business to gain insight and manage its performance at all levels. This paper examines the complexity of management issues in academia and demonstrates the applicability...
- White papers 2005-07-06
- Performance Management: A Roadmap for Developing, Implementing and Evaluating Performance Management Systems
- Performance management systems, which typically include performance appraisal and employee development, are the "Achilles' heel" of human resources management. They suffer flaws in many organizations, with employees and managers regularly bemoaning their ineffectiveness. The goal of this paper is to provide Human Resource HR professionals with useful guidelines for developing...
- White papers 2004-11-11
- Five Critical Factors: Preparing For Success In Implementing Performance Management
- While many local governments now use some form of performance measurement, far fewer have successfully completed the transition to a performance management system-integrating performance measurement into the ongoing management of the organization. This transition is much more difficult than the initial development of performance measures. Study by the Governmental Accounting...
- White papers 2006-08-01
- "Performance Management"
- Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities. Performance management is a whole work system that begins when a job is defined as needed. It ends when an employee leaves the organization. Many...
- White papers
- How Accurate Are Your Performance Appraisals?
- Performance Management Systems PMS are very important to public personnel management. Papers addressing this topic are very common in human resource management, especially as of late. One of the key issues is the accuracy of performance appraisal ratings. If they feel the ratings are inaccurate, it is unlikely that employees...
- White papers 2007-12-01
- On the Line: The Manager's Role in Performance
- Given the prevalence of broken and dysfunctional performance management processes in organizations, combined with the promise of new technologies designed to ease the pain of performance reviews and performance management in general, the Human Capital Institute assembled an expert panel to delve into this topic. The intent was to shed...
- White papers 2005-11-11
- Integrating BPM and ERM: Reengineering Corporate DNA to Boost Performance
- Business performance management and enterprise risk management are both on many management teams' radars. Combining them into a unified performance management framework provides great insights into the organization's future prospects. The integration of a view of business risk into a company's overall Business Performance Management BPM strategy is absolutely critical.
- White papers 2005-11-01
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