Stages in Performance Management

Performance management can be define as the process of involving employees to accomplish the goals of an organization. PM also can be define as the process of motivating employees through setting goals, measuring progress, giving feedback, coaching for improved performance and rewarding achievement. The purpose of PM is to links people to performance and profit. It starts by understanding what success looks like for an organisation, and then ensures that everyone in an organisation works effectively to achieve that success. 

Basically, there are 5 stages involve in PM. The Stages are:

Stage 1: Planning

Before conducting PM, the organization need to plan the PM. The PM plan should be written in document so that it can be review. In planning process, the organization first need to identify and  clarify the goals of the organization. The Organizational goal must be realistic and achievable. Besides, the organization also need to set the PM goals and need to make sure that PM goals are align with organizational goals. After setting the goals, organization also need to determine the outcome result and standard. 

Stage 2/3: Monitoring and Developing

In monitoring process, it is important for the organization and employees to have two ways communication. This is because, this stages is the important phase of PM. During monitoring stages, the employees performance will be evaluated. The, the organization will give feedback to the employees about their performance. If the performance of employees is not so good, the developing process will occur where the employees will be coaching and training. Sometimes, the organization will adjust the PM goal during this period so that it can be achieve by the employees.

Stage 4: Review

In this process, all the information gather in previous stage will be documented and review. Besides, the employees PM result also will be documented. After documented all the information, the documents will be review to identify the employees performance. the strength and weaknesses of each employee will be listed and summarize. After done rating the employees, the organization then need to come out with plan of development.

Stage 5: Reward

After doing the rating, the organization need to give reward toward the employees who shows good performance. The reward given to the employees will motivate the employees to work harder. On the other hand, for the employees who doesn't show a good performance, the organization must send them for training  to improve their performance. Bear in mind that the purpose of PM is to find out the weaknesses of the employees, not to punish them.