HR Practice For Payroll Practitioners

HR Practice for Payroll Practitioners

Performance Management

Introduction and overview

The success of any organisation is determined by the contribution and performance of each team and team member. A business’s approach to performance management should be to provide all employees in the organisation the opportunity to learn and develop, gain new skills and abilities as well as making a meaningful contribution to the organisation. Performance management is a process to support continuing development and performance improvement through the alignment of employees’ efforts, actions and behaviours with business goals.

An effective performance management framework recognises:

• Employees will gain greater satisfaction from their work when they know what they are expected to do and can measure how well they have done.

• Employees are more likely to more engaged through being involved in developing their own performance plans.

• An employee’s commitment to performance levels and delivering results is achieved when they understand and can measure their own performance.

• Employees will be more motivated to achieve results when they understand how they contribute to the organisation.

• Employees expect to be rewarded fairly for their contribution to the business achieving its goals.

© New Zealand Payroll Practitioners Association, Sep 2024, Ver 12

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