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PERFORMANCE MANAGEMENT:

When we talk about performance management we talk about talents and skills, abilities to show that talents and achieve the inner energy and enthusiasm which we get by many ways in an organization. It can be internal or external. It helps to minimize the physical pain or physical pressure and it helps in maximizing the work rate. It is very much helpful in achieving the goal and it is necessary as well. It comes from person to person, it comes from things to person, it comes from reward and recognition, and it comes from basic needs and happiness.

In a workplace, an HR’s role says that he or she needs to retain all its employees and make the environment culture friendly with some activities, innovation, recreation etc. because if an HR do this he or she is helping an organization to achieve the goal with the happy employees. There will be an additional benefit to this because if your employee is happy you will get good job from your employees and if you motivate them for their performance then they will surely feel the same for your organization and will respect the work because for him one reward matters a lot. There are two types of people in a same organization: one who always wants to achieve a goal in terms of monetary benefit. He will always demand for an appraisal, extra money, incentives etc for his performance. There is another kind of person who always think about rewards and recognitions in terms of non-monetary benefits like certificate from the director, a small video of his work style whole year which he can bring in home and saw to his parents and a lovable wife so that one can know about his real and hard work because he feels happy when someone appreciates him.

Non Monetary Reward Program: - In this program Manger identify their employees’ performance on a monthly basis and recognize them through appreciation certificate and appreciation mail, announcement which motivate to the others to perform best. non-monetary benefits like certificate from the director, a small video of his work style whole year which he can bring in home and saw to his parents and a lovable wife so that one can know about his real and hard work because he feels happy when someone appreciates him. Money is no matter for him but appreciation from his family is a best motivation from him.

Performance Appraisal Program ( Mixture of Monetary and Non Monetary benefit) : In this program Manger not only recognize the best performer, Average Performer and below average performer also define the bonus and appreciation certificate on a half yearly and yearly basis for the employees. Management defined certain criteria to measures the performance of the employees and also introduce the percentage for them.

Performance can be measured in the above following parameters of motivation through which one can perform well and the management can maintain the performance level of performance management. When the employees feel that they are very much skilled and professional then they follow the rules of performance management which describes about the achievements and goals of the company. It talks about the employee level of talents and also helps in understanding about the level of skills and talks about the management and also about the values and importance of the person.

Performance management has several advantages and various benefits which say about the goals and strategy of the company. It talks about the business results and also helps in understanding the financial as well motivated workforce and gains of the company.

The employees feel motivated and flexible in their areas of work and also they become more responsible in their job duties and responsibilities honestly and whole heartedly. They help the company to achieve the goals and achievements as well as to understand the nature of the job properly and more clearly. Performance management also helps in providing the company with greater benefits and transparency level. It also improves the level of control of the management and also helps in meeting the established goals or standards of the company. It gives a better feedback and better results with high level of performance increment on a daily basis.