Question

Performance management system of nestle india

Answer 1

The core objective of performance management is to set higher aims and objectives for an individual or a team and to devise an effective plan for achieving the planned objectives. The performance itself is defined as the management of two important elements of an individual career in an organisation, namely behaviour and results. Organisations today are a lot more complex than they used to be as the environments they operate today are much more competitive than ever before. Assurance of effective and efficient performance of employees is thus very critical for organisations today. A one-time performance appraisal method is thus no more an effective way of ensuring expected performance from an employee. A performance appraisal is done once or twice in a year whereas the performance management process is a continuous process across the whole year. The performance management process ensures that the manager sets effective goals for their teams at the beginning of the year. The goals are set as per abilities and potential of the team members and thus the manager knows what kind of training and guidance will be necessary for the team to achieve their goals. In performance management, the team also knows what is expected out of them as the goals are set after a discussion with the concerned employee. The employees’ performances are monitored throughout the year and proper feedback mechanism is maintained.