This document discusses human resource management interventions for performance management and developing talent. It outlines key aspects of performance management including goal setting, performance appraisal, and rewards systems. It also discusses interventions for developing talent such as coaching, mentoring, career planning, management development programs, and leadership development programs which are aimed at increasing employee performance and retention.
This document discusses human resource management interventions for performance management and developing talent. It outlines key aspects of performance management including goal setting, performance appraisal, and rewards systems. It also discusses interventions for developing talent such as coaching, mentoring, career planning, management development programs, and leadership development programs which are aimed at increasing employee performance and retention.
⮚ Appreciate the importance of developing talent PERFORMANCE MANAGEMENT (PM) ✔ is an integrated process of defining, assessing, and reinforcing employee work behaviors and outcomes. ✔ is the process of ensuring that a set of activities and outputs meets an organization’s goals in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, an employee, or the processes in place to manage particular tasks. ✔ PM standards are generally organized and disseminated by senior leadership at an organization and by task owners, it can include specifying tasks and outcomes of a job, providing timely feedback and coaching, comparing employee’s actual performance and behaviors with desired performance behaviors, instituting rewards. It is necessary to outline the role of each individual in the organization in terms of functions and responsibilities to ensure that performance management is successful. 1. GOAL SETTING Involves managers and subordinates in jointly establishing and clarifying employee goals. MANAGEMENT BY OBJECTIVES (MBO)
A common form of goal setting used in
organization.
* This method is chiefly an attempt to align
personal goals with business strategy by increasing communications and shared perceptions between the manager and subordinates, either individually or as a group and by reconciling conflict where it exists. 2. PERFORMANCE APPRAISAL Is a feedback system that involves the direct evaluation of individual or work-group performance by a supervisor, manager, or peers. 3. REWARDS SYSTEMS Organizational rewards are powerful incentives for improving employee and work-group performance. Rewards can also produce high levels of employee satisfaction. DEVELOPING TALENT Talent development includes capitalizing on the strengths and abilities of employees, helping them to become stronger and grow within the organization. Recognizing potential in employees targeting specific areas of strength and employee interest. COACHING AND MENTORING COACHING involves working with organizational members, typically managers and executives, on a regular basis to help them clarify their goals, deal with potential stumbling blocks and improve performance. COACHING AND MENTORING MENTORING involves establishing a relationship between a manager or someone more experienced and another organization member who is less experienced. CAREER PLANNING & DEVELOPMENT INTERVENTIONS
Career planning and development
interventions are an important tool in developing and retaining an effective workforce. CAREER PLANNING & DEVELOPMENT INTERVENTIONS Many companies (GE, Intel, Novotel UK) have adapted their career planning & development programs to meet the needs of their members. These programs have: *improve the quality of work life *enhance performance *increase employee retention *respond to equal employment and affirmative action legislations. CAREER PLANNING & DEVELOPMENT INTERVENTIONS
Career planning and development help
attract and hold such highly talented people and can increase the chances that their skills and knowledge will be used. MANAGEMENT AND LEADERSHIP DEVELOPMENT INTERVENTIONS Focus is on developing the skills and knowledge the organization believes will be necessary to implement future strategies and manage business. MANAGEMENT AND LEADERSHIP DEVELOPMENT INTERVENTIONS Management and leadership development programs are on of the most popular OD interventions aimed at developing talent and increasing employee retention.
*build individual’s skills
*socialize leaders in corporate values *prepare executives for strategic leadership roles