GEETHA S EDUCATION TRUST ®

BANGALORE INSTITUTE OF MANAGEMENT STUDIES

HRM in changing environment

Performance Management

Prof: Viraja kanawally Group Members

Nandish C
Mahesh G.M
Arun kumar DG
Kalyan Singh
Swagath
Performance Management
Meaning:
Performance management is an ongoing process of
communication between a supervisor and an
employee that occurs throughout the year, in
support of accomplishing the strategic objectives of
the organization.
Features
• Encourage creativity
• Promotes learning
• Promotes professional advancement
• Rewarding and engaging employees
• Adopts well to transform
Process of performance management
• Performance planning
• Day-to-day coaching and feedback
• Check-in of quarterly performance
• Formal performance review
What do the employees want?
• Positive relationship in work
• Cooperation of coworkers
• Opportunity for individual development
• Want to know the expectations
• Recognition and reward
• Support from the team leader
• Opinions to be considered
Advantages
• Targeted staff and development
• Encouragement to staff
• Rewards staff for their best work
• The underperformers are identified and eliminated
• Permits for employee growth
Disadvantages
• It is time consuming
• It has the power of discouraging the staff
• It has the inconsistent message
HRM in a Changing Environment: The
Challenges

Major challenges an organizations facing are,

1. Environmental Challenges
2. Organizational Challenges
3. Individual Challenges
Environmental Challenges

Six important environmental challenges today are:

1. Rapid change
2. Work force diversity
3. Globalization
4. Legislation
5. Technology
6. Evolving work and family roles
2. Organizational Challenges

• Competitive position
• Decentralization
• Downsizing
• Organizational restructuring
• Self-managed work teams
3. Individual Challenges

The individual challenges includes,

1. Ethics and social responsibility
2. Productivity
3. Empowerment
4. Brain drain
5. Job insecurity
Thank You