3prm Essay

2107 Words9 Pages
Evidence to be produced Activity 1 Individual written responses to all questions (approximately 2000 words in total) 1. Explain at least 2 purposes of performance management and its relationship to business objectives. Performance management is a repetitive process, established by organizations to help them in accomplishing their objectives (goals, as listed in the organization’s vision) by maximizing the performance of an individual, team or whole organization and ensure that the objectives are achieved. One purpose of performance management is to improve and maintain a high level of performance from all employees across an organization to ensure that the organization itself performs at its best. If all employees are correctly managed and encouraged to work to their full potential at all times then this will result in not only individuals meeting targets but also in the business meeting its objectives. Another purpose of performance management is to communicate to employees the level which you expect them to be performing at by setting objectives and targets etc., and offering rewards to motivate the employee to achieve. It is important to try and develop employees further and ensure they reach their full potential. This is all involved in the performance management process. Performance management is a continuous cycle and not a one off event. Performance management ensures that employees are meeting the expectations of management. It also ensures that people know if they are meeting or exceeding management's expectations. 2. Identify 3 components of performance management systems. Performance planning is used to provide a structured approach to the attainment of the desired level of performance for both individuals and teams. • Objective setting: Individual and team Performance Plans should align with the organization overall

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