Today, Performance Management & Employee appraisal has become one of the main assets of businesses to boost employee productivity and encourage them to give better results. The Performance Appraisal & Management module of the Human Resource Management System estimates the level of competence and achievements of the employees and evaluates the number of rewards and promotions to be granted to the employees. While Performance Appraisals are annual, Performance management is a continuous process of over-viewing the employee's conduct and making specific conclusions and judgments. Performance appraisal means reviewing the performance of employees for making better decisions associated with training and development, payoff, promotions, transfer, and dismissal and runs in the back.
Performance management is an ongoing process that manages all the tasks and designs clear goals for desired outcomes. It is a tool for the managers to look after all the processes and stimulate the organization's growth. With a Performance Management System, organizations can maintain employee productivity and increase their enthusiasm and motivation for being consistent and produce effective results. It's not just dependent on what employees can do for the organization but also tests organizations' integrity towards their employees. Lighthouse HRM is the Best Performance Management Software for handling all the daunting tasks to facilitate the HR department.
Monitor the performance of employees in real-time with ease and accuracy.
Build effective strategies to boost their performance.
Figure out the solutions to the problems that are causing discontinuities.
Get feedback from the employees and learn from the bad reviews.
All tasks done with a computerized software in no time with better accuracy
HRM can be defined as the effective management of people in an organisation.
HR management helps bridge the gap between employees’ performance and the organisation’s strategic objectives. Moreover, an efficient HR management team can
give firms an edge over their competition.
Human resource operations contribute significantly to the success of an organisation. Hence, human resource management has emerged as a popular course of study.
Business consultants note that modern human resource management is guided by several overriding principles.
Another important principle, articulated by Michael Armstrong in his book A Handbook of Human Resource Management, is that business success "is most likely to be achieved if the personnel policies and procedures of the enterprise are closely linked with, and make a major contribution to, the achievement of corporate objectives and strategic plans
