Tuesday, October 29, 2019

The Function of Performance Management Article Example | Topics and Well Written Essays - 2250 words

The Function of Performance Management - Article Example Performance management decides the basis for the future business activities and the processes that have to be given the proper budgets as well as the resources on the part of the organization. The business process reengineering (BPR) aspects are in line with how these divisions are made in the quarter of the performance management functions and boundaries. For the human resources tenet, the role of performance management is all the more vital since it has to devise ways and means through which different activities are sequenced in terms of importance, vitality, etc. Thus it is important to state here that the role of performance management does not end here, though its basis might just lessen a little bit in the financial and different departments that we consider our attention upon. However within the realms of the human resources division, the importance is made more and more essential since employees need to be appraised time and again about their performances and functioning. What this performance management system does is to ensure that the right people get the bonuses, incentives and so on as well as point out the ones who have fallen short on the company's expectations over a period of time. This would help in giving them rewards and incentives which will eventually make one and all happy at the end. Also this will continue their desire to achieve more and more within a specified period of time and thus come into the good books of the company. In return, they can be given all these rewards so that they could be encouraged in line with their work attitudes. Moreover, the people who lag behind with regards to their work schedules and dedication levels will stand up and take notice and thus would want to be counted as the effective and efficient ones within the company as well. The role of organizations in the maintenance of these systems is also very paramount. The difference from the annual appraisals and so on lies in the fact that the traditional manner of doing things relies more on the basis of paper work where a lot of time, effort and money is rather wasted to state the least. The role played by the organizations in advancing their performance management systems is immense since a lot of the population depends on them for their needs and wants. This is met in a fair manner courtesy the E-government initiative adopted by several different companies and organizations. All such innovations which help and facilitate the related process must indeed be given thumbs up since these try to solve the miseries of the people and it is because of these people that the performance management systems are put into place originally. This further pinpoints the fact that the deployment of an efficient performance management system policy within the organization would indeed help it to essentially tackle its internal issues in a better and more effectiv e manner possible. There is a lot of growth potential for the sales force to be automated in the business to business environments since performance management systems are in place, more so because the business to business scenarios boost a trend of interaction in between the channel members no matter which marketplace they hail from. This could either

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