When the question of what Performance Management is and what it entails is asked in any organisation, there are as many answers and perceptions as there are people in the organisation. The Human Resources Department will tell you that Performance Management entails the training, mentoring and development of employees; Finance Department will tell that Performance Management is the measurement of a series of financial and non financial indicators; the IT Department will tell you that Performance Management is the “system” used to manage performance in an organisation. Though none of these perceptions are incorrect, they are only part of the truth.To complicate matters even further, numerous management methodologies have been introduced over the years, which all claim to be the silver bullet when managing performance. Concepts such as the Balanced Scorecard, Value Based Management, Total Quality Management and Six Sigma are commonplace in most managers’ vocabulary. Perhaps the starkest reality when attempting to sift through the information overload is not the lack of information and methodologies available to design and implement a performance management system, but the realisation that there is no silver bullet that can create a successful performance management system. Managers cannot delegate what is effectively their job… Read full this story
- ‘Oh, I’m So Good at Math’: Lessons From the Jay-Z Business Model
- One club wants to use a gene-test to spot the new Ronaldo. Is this football's future?
- Tuchel must curb hype after Neymar completes PSG's perfect week
In Search Of The Performance Management Holy Grail have 243 words, post on ezinearticles.com at September 19, 2007. This is cached page on VietMaz. If you want remove this page, please contact us.