The importance of managing performance of an organization

 




A key aspect of achieving a company's objectives and goals is managing the performance of the organization. Through managing performance of an organization, the organization set of goals and the objectives making the best use of available resources and making sure the organization gets its desired results (Ashdown 2018). The explanations that follow explain why it's important to manage an organization's performance.

Managing the organization's performance is essential to accomplishing a company's objectives and goals. One objective of an organization conducting performance management is to ensure the proper resource optimization and ensure the organization achieves its desired outcomes. The reasons why it's crucial to control an organization's performance are discussed in the following descriptions.

Communication between employees and supervisors is improved through efficient performance management systems. Managers and employees can talk about performance expectations, successes, and areas for improvement during routine performance talks. Through this method, managers may spot issues before they become serious and create remedies that will help workers perform better.

Managing an organization's performance makes sure that workers are rewarded for their dedication and recognized for their accomplishments. Another objective of performance management is to motivate the employees. Through that there is possibility for them to be motivated and contribute to the success of the organization.

Employees have possibilities to improve their careers and expand their talents because of performance management systems. One activity in these systems is to provide feedback on the performance monitoring through a selected method. This feedback entitles to improve the knowledge and skills of the employees making them updated on self-awareness. The primary objective of this is the long-term retention of employees and make sure that employees are protected. It’s one of the goals of an organization to make sure that their employees have continuous professional development.

Performance management is also there to identify the training need of the employees. Managers can create training programs that address specific skill gaps by recognizing these needs, ensuring that workers have the abilities necessary to do their tasks well.

Concluding these facts, managing an organization's performance is crucial to attaining its goals and objectives Effective performance management systems provide chances for professional development, improve communication, boost employee engagement, and assist in identifying training needs. They also match employee performance with organizational objectives. Effective performance management enables firms to accomplish their goals, make the most use of their resources, and maintain their competitiveness in their sector.

 References 

  • Ashdown, L 2018, Performance Management: A Practical Introduction, Kogan Page Publishers.

Comments

  1. Udeshika Wanninayake1 May 2023 at 19:02

    I completely agree with the point made. Managing an organization's performance is critical to achieving its goals and objectives, and an effective performance management system plays a crucial role in this process. By providing opportunities for professional development, improving communication, and boosting employee engagement, performance management can help identify training needs and align employee performance with organizational objectives.

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