Indika Mediwaka P&O Blogs

  What is “Performance Management”? Performance Management is identified as a precise cycle for improving organizational performances by building up the performances of people and groups. It is a method for improving outcomes by comprehension and overseeing performances inside a concurred system of arranged objectives, norms and competency necessities. It centers individuals around doing the correct things by explaining their objectives which is possessed and driven by line management. (Armstrong, 2006). Aims of Performance management as expressed by global organizations Empowering, motivating and rewarding employees to do their best. Armstrong  World Industries Focusing employee’s tasks on the right things and doing them right. Aligning  everyone’s individual goals to the goals of the organization. Eli Lilly & Co Proactively managing and resourcing performance against agreed accountabilities and objectives. ICI Paints The process and behaviors by which managers m...

  ·    What is “Performance Appraisal”? Performance Appraisal can be characterized as the proper evaluation and rating of people by their managers at periodical review meetings. Interestingly it is a persistent and a lot more extensive, more complete and more regular cycle of the management that explains shared desires, underscores the help part of supervisors who are required to go about as mentors instead of judges, and spotlights on what's to come (Armstrong, 2006). This has been undermined in light of the fact that time and again it has been worked as a top-down and generally administrative framework claimed by the HR Department rather than by line managers. It would in general be in reverse looking, focusing on what had turned out badly, instead of anticipating future improvement needs. There was practically no connection among them and the requirements of the business. (Armstrong, 2006). ·    As per Levinson (1976) Performance appraisal consists with thr...

  As per Amstrong (2006) The Term & the concept used as “Personal Management” in the earlier stage of Industrial era has been changed with the time to “Human Resource Management” (HRM) where the employees have been recognized as “resource” to the company rather than a “Cost”. HRM has identified as a strategic approach of managing the employees, who are recognized as organization’s most valued asset which motivates them to collectively take part in organizational performances. According to Iain Henderson (2011), HRM may be described as “All the management decisions and actions that directly affected or influence people as members of the organization rather than job-holder”   How HR makes an impact (Amstrong, 2006, p. 23) As per the depicted flowchart, it is clearly indicating the effectiveness of the combination of business & HRM strategies towards the Financial performance of the organization. An effective set of HRM practices includes a decent combination of...