Performance Development Planning & Individual Development through Performance Management
Performance management system of any organization aims at identifying the potential of development in the employees and optimally utilizing it for mutual satisfaction by providing the right support and guidance for doing well in the job. Gone are the days when performance management was simply regarded as a disciplinary and an assessment tool. Today the spectrum of performance management has widened and all its initiatives are directed towards the realization of the ultimate corporate goals. Performance development and planning is one of the most essential stages of performance management and enable establishment of performance agreement which in turn provides a framework for managing the performances throughout the year and focus on continuous improvement and individual development.
Performance and development planning is carried out jointly by the manager and the employee and in the process of discussions they both arrive at performance agreements and define performance expectations.
Performance and individual development plans are derived from an analysis of the following factors:
- MBO-SMART Objectives
- Performance Assessments Techniques
- Role of Managers at Different Levels
- Performance Improvement Programs
- Performance & Reward Practices
Authorship/Referencing - About the Author(s)
The article is Written By Prachi Juneja and Reviewed By Management Study Guide Content Team. MSG Content Team comprises experienced Faculty Member, Professionals and Subject Matter Experts. We are a ISO 2001:2015 Certified Education Provider. To Know more, click on About Us. The use of this material is free for learning and education purpose. Please reference authorship of content used, including link(s) to ManagementStudyGuide.com and the content page url.