|“Performance Management” is the use of performance measurement information to effect positive change in the organization's culture, systems and processes. “Performance Management System” is a system to manage the performance of an organization, its entities and its employees by using specifically developed tools & executing well defined processes with clear inputs, outputs, timelines and responsibilities. A good performance management system is a critical tool to transform the capabilities of individuals and the entire organization.
We at PACE will set up a performance management framework that understands your business and helps you achieve your objectives. We will realign your existing systems with the best practices in the industry. We will help facilitate the KRA’s of individuals and provide an objective appraisal and rating system to monitor /reward individual performances in the company. The focus of the performance appraisal is measuring and improving the actual performance of the employee and also the future potential of the employee. We will also help to automate your entire PMS process.
IMPLEMENTATION METHODOLOGY AND TIMESPAN of PMS
|Designing Appraisal System
||Will propose and design Performance Management system for the company in conjunction with the Head HR
|Awards and Rewards program (monetary / non-monetary)
||Draw out rewards programs. Facilitate process and policy on the same
|Performance Improvement Plan (PIP)
||Draw up PIP program for people rated below expectation
||List out indicative KRA’s for all levels in the organization, in conjunction with Head HR
|Train HR/ Managers and employees
||Design training program for HR; Managers and employees on proposed appraisal system.
||Draw up the process for post appraisal activities.
||Collaborate with its partner for implementing the online performance management system