Having the right strategies and resources are not essential to an organization’s success. It is the ability of MBA professionals in directing and supporting the employees in attaining the missions and objectives of an organization that is important.
MBA people play an important role in obtaining performance in a company. It is upto them to get the best out of individuals and teams that are being managed for Â obtaining performance. Performance management plays an important role in giving an idea of the objectives and values in an organization. Aligning a people with objectives of an organization along with planning lead teams and individuals to high performance. Connecting daily tasks and actions with the business objectives of an organization helps in building an effective performance management system. This enables MBA people evaluate and measure the performance of teams and individuals and optimize the productivity as well as performance.
Performance Management can be achieved by the following factors
Align Daily activities of employees with business objectives
Clarification and accountability with respect to performance expectations
Making documentation for managing the performance of individuals for supporting planning of job profile and salary.
Concentrate on developing skills and helping learn the activity in time.
Create support document related to law in case of supporting decision making process.
Supporting job satisfaction and employee retention related factors better engagement among employees
The following are the best practices for Performance Management
Giving Constructive Feedback for individuals and teams.
Give idea for performance objectives and standards
Review performance and deliver incentives
Provide opportunities to learn and develop skills.