Performance Management Policy

The purpose of this policy is to improve organisational, functional, team and individual performances. Effective performance management measures the progress being made towards the achievement of the organisation's business objectives.

Performance Management Policy

Performance management is the process of achieving high levels of organizational performance through the effective management of individuals and teams. Effective performance management entails distribution of expectations of employees and managers to set and agree on targets and to measure and review performance.

The performance management policy helps managers in identifying the gaps between current and future levels of performance. It also guides the employer to take appropriate action to support employees to perk up their knowledge, skills, and competence.

Significance of performance management policy

A performance management policy guides employees to have a clear understanding of the work expected of them. Ongoing feedback regarding their performance relative to expectations helps them evaluate their work and improve. The policy sets the parameter regarding performance to assist the employer in distributing the rewards accordingly, recognizing development opportunities, and also to address performance that does not meet expectations.

The employee performance that fails to meet up the organizational standards should also be addressed in the policy. A clearly defined policy helps the organization to evaluate and measure their performance at all levels against specific criteria. This will ensure that all strategic objectives are achieved and have a positive impact on an organization’s bottom line.

What to include in the performance management policy?

• Guidance regarding annual evaluations
• Outlines of informal methods of addressing performance concerns
• Performance Improvement Plan framework
• Corrective discipline procedure to address misconduct
• Consequences of policy violations

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