Bsbwor501 Performance Management

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QUESTION THREE 3.1 Performance Management
Building a capable workforce needs to be complemented with effective performance management. To ensure the companies realise a return on their skills investment, suggest a plan to implement performance process and practices.
Performance management may be defined as a process of creating a work environment or setting I which people are enabled to performance to the best of their abilities for the achievement of shared goals (Nel and Werner, 2015).
Berkley University (2018) defines Performance Management to be Performance management is an ongoing process of communication between a supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the organization.
Berkley University (2018) states that when creating a performance management process and its practices to ensure that a company gains return on investment, the company’s Performance Management process should consist of Clarity of organisational Goals, evaluation, cooperation but not control, self-management teams, Leadership development and a system of feedback.
A performance Management Plan is defined by Berkley University (2018) to
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Feedback can be given by providing constructive feedback to change or improve performance (Saba, 2018). Feedback can be formal where time is set and the employee is given private feedback on their progress. It can also be Informal where day to day as situations arise and employees are coached as the situations arise and the employees are given feedback after the situations have been solved (Saba, 2018). If the employee is doing well, monitoring requires that recognizing and encouraging excellence is a must. This can be done by coaching and mentoring, or by new work assignments and responsibilities being issued to the employees (Grier,