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HRM Performance Mngt[1].

HRM Performance Mngt[1].

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Published by hawkeye462

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Categories:Topics, Art & Design
Published by: hawkeye462 on Apr 29, 2010
Copyright:Attribution Non-commercial

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09/18/2010

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PERFORMANCEMANAGEMENT
A Process that consolidatesGOAL SETTINGPERFORMANCE APPRAISALand DEVELOPMENTinto a Single, Common System.
 
Comparing Performance Managementwith Performance Appraisal
PERFORMANCE APPRAISAL:It means EVALUATING an employee·s Currentor Past Performancerelative tohis or her Performance Standards.PERFORMANCE MANAGEMENT:A process which consolidates1.Goal Setting2.Performance Appraisal3.Developmentin to a single common system, the AIMof which is to ensure that the employee·sPerformance is SUPPORTING thecompany·s STRATEGIC AIMS.
 
PERFORMANCEMANAGEMENT
Performance Management includes thepractices through which the manager (a) DEFINES the Employee·sGOALS and WORK(b) DEVELOPS the Employee·CAPABILITIES(C)EVALUATE and REWARDS theEmployee·sEFFORTall within the framework of How the employee·s performance shouldbe Contributing to Achieving theCompany·s GOALS.

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