Professional Documents
Culture Documents
PERFORMANCE MANAGEMENT
Performance management is a corporate management tool that helps managers monitor and
evaluate employees' work. Performance management's goal is to create an environment where
people can perform to the best of their abilities and produce the highest-quality work most
efficiently and effectively.
Initial Meeting: Goal Setting and Development Planning – During the first meeting, at the
beginning of the evaluation period, the employee and supervisor will mutually develop goals
that align directly with the goals of the department, school and university. A development
plan that supports goal completion will also be developed and agreed upon.
Quarterly Feedback Sessions (October, January, April for the fiscal year evaluation
period) – During the feedback sessions, the employee and supervisor will discuss the
employee’s progress toward goal completion and any support that may be needed.
Final Meeting: Evaluation Review – During the final meeting at the end of the evaluation
period, the employee and supervisor will discuss overall performance and goals and
development plan outcomes.
Performance Appraisal
The term “performance appraisal” refers to the regular review of an employee’s job
performance and overall contribution to a company. Also known as an annual review,
performance review or evaluation, or employee appraisal, a performance appraisal evaluates
an employee’s skills, achievements, and growth, or lack thereof.
Because companies have a limited pool of funds from which to award incentives, such as
raises and bonuses, performance appraisals help determine how to allocate those funds. They
provide a way for companies to determine which employees have contributed the most to the
company’s growth so that companies can reward their top-performing employees accordingly.
Performance appraisals also help employees and their managers create a plan for employee
development through additional training and increased responsibilities, as well as to identify
ways that the employee can improve and move forward in their career.
Ideally, the performance appraisal is not the only time during the year that managers and
employees communicate about the employee’s contributions. More frequent conversations
help keep everyone on the same page, develop stronger relationships between employees and
managers, and make annual reviews less stressful.
Types of Performance Appraisals
Most performance appraisals are top-down, meaning that supervisors evaluate their staff with
no input from the subject. But there are other types:
Reward System
A reward system is the set of mechanisms for distributing both tangible and intangible returns as
part of an employment relationship.
4 types of employee reward systems
While there are several ways to reward employees, here are four options you can implement to
help boost your team's morale:
1. Monetary
You can create a reward system based on monetary compensation, like a bonus. A bonus can
give your team members something to look forward to and to work efficiently to earn. You might
give out bonuses either at the end of the year or every six months. This type of reward system
works best with employees motivated by money. It can also help create bonds within your team
if you make earning the bonus a friendly competition.
Besides bonuses, here are other monetary rewards you can use in your program:
Profit-sharing plans
Stock options
Additional paid time off
Tuition reimbursement
2. Non-monetary
For teams that prefer perks other than bonuses, a non-monetary rewards system may help
motivate them. This kind of system offers them something. For example, you can present them
with a small prize or fringe benefit if they were the top performer in their department. This can
encourage your team members to work more productively, which can help projects reach their
deadlines on time or early.
Here are other non-monetary rewards you can use to encourage the company's employees :
Catered lunches
Opportunities to leave work early
Remote work if possible
Flexible work schedule
3. Assistance
An assistance system is when companies support employees in maintaining a healthy work-life
balance by providing services that benefit their physical and mental health. This program type
may help employees have clearer minds and healthier bodies, which can improve their work
performance. While not a traditional reward, assistance programs can help employees feel
valued and supported.
Benefits you can offer under an assistance program include:
Discounts to local health services, like gym memberships or spa treatments
On-site visits from mental health professionals
Instructional sessions on techniques to manage stress, grief or other challenges
4. Recognition
A recognition rewards system is about sharing an employee's accomplishments with the rest of
an organization. This can look like having an employee of the month celebration or an end-of-
year awards ceremony where you can talk about several employees' work-related victories. By
doing this, you can encourage team members to work harder to receive this level of
acknowledgment.
Recognition can be as simple as offering verbal praise to your team members daily, weekly or
monthly. You may also write them a note detailing how much you appreciate them and their
dedication to their role. This is another way to help create a positive working environment for
everyone.
DEVELOPING TALENT
Coaching and Mentoring
Coaching involves working with organizational members, typically managers and
executives, on a regular basis to help them clarify their goals, deal with potential
stumbling blocks, and improve their performance. This intervention is highly
personal and generally involves a one-on-one relationship between the OD prac-
titioner and the client. Almost every OD intervention involves some coaching.
However, the intervention described here helps managers to gain perspective on
their dilemmas and transfer their learning into organizational results; it increases
their leadership skill and effectivenes
Coaching involves working with organizational members, typically managers and executives,
on a regular basis to help them clarify their goals, deal with potential stumbling blocks, and
improve their performance. This intervention is highly personal and generally involves a one-on-
one relationship between the OD prac-itioner and the client. Almost every OD intervention
involves some coaching. However, the intervention described here helps managers to gain
perspective on their dilemmas and transfer their learning into organizational results; it increases
their leadership skill and effectiveness.
Similar to coaching, mentoring involves establishing a relationship between a
manager or someone more experienced and another organization member who
is less experienced. Unlike coaching, mentoring is often more directive, with
the mentor intentionally transferring specific knowledge and skill and guiding
the client’s activities, perhaps as part of a career development process (see
career planning and development proce
Coaching can be seen as a specialized form of OD, one that is focused on
using the principles of applied behavioral science to increase the capacity
and effectiveness of individuals as opposed to groups or organizations. It is
one of the fastest-growing areas of OD practice.
Similar to coaching, mentoring involves establishing a relationship between a manager or
someone more experienced and another organization member who is less experienced. Unlike
coaching, mentoring is often more directive, with the mentor intentionally transferring specific
knowledge and skill and guiding the client’s activities, perhaps as part of a career development
process Coaching can be seen as a specialized form of OD, one that is focused on using the
principles of applied behavioral science to increase the capacity and effectiveness of individuals
as opposed to groups or organizations. It is one of the fastest-growing areas of OD practice.
A mentor is someone who shares their knowledge, skills and/or experience, to help another to
develop and grow. A coach is someone who provides guidance to a client on their goals and
helps them reach their full potential.