Performance Management as an Important Part of Organization Productivi Essay

Performance Management as an Important Part of Organization Productivity - Essay Example Therefore, the system of performance management generally involves evaluating and developing the skills, behaviours, and the performance of individual employees, generally for ensuring that the organization competes favourably in the market through its high performance. Performance management, therefore, can be used as a measuring and management instrument of employees in the organization. This process mostly benefits the big international companies, and those companies, whose workforce is greatly distributed. As a process, performance management comprises different types of activities aimed at achieving the objective of the general process. These include reward and remuneration for employees, coaching and mentoring of employees, team working, measuring, competencies, and competencies, and personal development plans, among others. Today, performance management is characterized by various changes, as the way it is approached today differs with how the process was approached in the past centuries. The changes in performance management today have contributed to its increased efficiency, and keep helping organizations to retain their high-performing employees. Performance management today is a holistic process, which embraces different processes, and th is is efficient in people management in companies (Kreitner 2008). Armstrong & Baron (2005) note that performance management is not a new process in organizations. This process has lasted for the past seventy years, since its inception in the 1940’s. Initially, managers of companies developed performance management during this period, in order to establish whether the different salaries and remuneration for the employees were justified or not. The difference between performance management of those days, and the performance management today is reflected in the complexity of the process.  Ã‚