Performance management is vital for organizational success. This is the process of providing a work environment where employees can enhance their performance by utilizing their full ability. The process begins when an organization identifies and defines the job position. It comes to an end when the worker gets out of the organization.
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This term refers to a broad system of the work context. Some professionals use the terminology to refer to traditional performance management systems. However, performance management is broader than this. This essay explains more on performance management among RBS citizens.
Performance management system for the organization (RBC citizens)
RBS citizens use the effective management system. This is a modern performance management approach. This system ensures that employees only concentrate on responsibilities that add value to the organization. The system holds employees accountable and pays them for performance. The management revisits the human resource process over time. Technology is vital in enabling the performance management process, but it cannot solve some the management’s inherent challenges.
Effective performance management requires that the organizational leadership team aligns the business priorities with the organizational strategy. The organizational values should form part of the organizational culture and employees should be held accountable. This ensures that workers live in accordance to the values of the organization. The performance management system should go hand – in – hand with both the organization’s cultural drivers and its business.
Another requirement for effective performance management is coaching for performance and engagement purposes. Managers have a high influence on the clarity of commitment and focus. This means that they can either build or break the entire organization. Employees require relevant coaching to help them pull off vital conversations.
An organization’s success fully relies on the work of its employees. The results employees produce determine the success of the organization. Employee development and ownership is very helpful in performance management. Development of employees should not be limited to the theoretical half – year appraisals.
Comparison of the performance management system to the benchmark
Benchmarking is the process of comparing the business process of an organization to the best practices in the industry. Benchmarking focuses on three dimensions, namely the cost, time and quality. Effective performance management practice requires the approach to be in line with the organization’s strategy.
Paying employees on performance motivates them to work hard. Several top world companies use this approach to enhance their management efficiency. The best approach is to motivate employees by rewarding performance. Managing organizations with a large number of employees, and covering a wide geographical region, is not easy. The best practice is to pay and promote employees on performance basis. This helps the organization to achieve its set goals and objectives.
Another vital benchmark is that the approach holds employees accountable for their actions. They have to ensure that they live according to the values of the organization. This approach is vital because it ensures quality maintenance in the work place.
Many leading organizations engage performance management systems that add value to their operations. The business world keeps changing, with time. Effective performance management revisits performance plans to ensure they meet business needs. This performance management approach is cost effective for RBC citizens.
Performance management is vital for organizational success. This essay placed enough focus on the performance management of the RBC citizens. This organization uses effective performance management in the managerial process. The essay compared this approach with benchmark practices that other organizations use. The final aspect covered in the essay is the development of a performance management tool for RBC citizens.