Performance management is the process of managing the performance of the employees such
that they can meet the organization's objectives. During the performance management process, a
company works with the employees to set clear objectives and goals, regularly checks the goals,
and occasionally measures performance. Based on the employee's performance, the company
provides feedback, compensation review, or any other form of reward. The performance
appraisal could also result in the promotion of the employee and also depends on how the
company is performing. Thus, the performance management and appraisal process encourages
the growth of the employee and the company (Martocchio, 2018).
After going through this week's readings and TedTalk by Dan Pink, I have listed down my
thoughts. One of the critical aspects of performance management is giving employees a sense of
freedom and control over their work. Employees should feel a sense of ownership and
responsibility for their tasks. Keeping an eye on every single task may prove to be detrimental.
Therefore, employees should be free to make decisions, manage their work independently,
receive enough guidance, and be encouraged to perform better. This will result in their proper
growth. Another aspect is allowing employees to develop new skills and polish them. Aside from
doing their daily work, they should be asked to focus on personal growth. This will make them
believe that the company values the employees and is ready to go above and beyond. This sense
of value and care will motivate employees to do their job better (Pink, n.d.). Another important
aspect is that employees should feel that their work is making a difference and contribute more
towards the organization's goals and objectives. This will make them believe their work is not
meaningless and encourage them to contribute positively towards the company's goals.
Performance management has recently changed because of the changing work dynamics and the
job market. With the remote nature of jobs, companies now have to design performance