Performance Management Coursework Example | Topics and Well Written Essays - 4000 words

Performance Management - Coursework Example Various situations have been considered while making the research and a suggestive appraisal form has been framed for implementing in the company. The paper has distinctively two parts. The first part deals with a theoretical review of performance appraisal and the second part deals with alignment of the theories with the practical implications and its effects. The design of the suggested performance appraisal form has been explained in brief. Table of Contents Executive Summary 2 Part 1 – Critical Academic Discussion 6 Performance Management System – A Theoretical Overview 6 360 Degree Appraisal Method 8 The Way 360 Degree Appraisal Differs from the Other Appraisal Systems 9 Advantages of 360 Degree Appraisal 10 Disadvantages of 360 Degree Appraisal Method 11 A Successful 360 Degree Appraisal 12 Part 2 – Client Report 13 About the Company 13 Importance of Performance Management in Healthcare Industry 14 Prerequisites of Performance Management System in Healthcar e Sector 15 Performance Management for Bromley Healthcare 16 Conclusion 21 Self–Learning Analysis 22 References 23 Bibliography 26 Appendix 27 Introduction Performance is completion of assigned task that is measured against the set standards of perfection and cost. A good performance is the one that meets the set standards and caters to a cost effective completion of the task. In context of an organisation, where an employer – employee relationship exists, the performances of the employees are constantly monitored to ensure a timely completion of the tasks which can result in overall success related to the business unit (Pulakos, 2004). Performance management typically relates to the development of human resource of an organisation by appraisal of their performance. The performance management system can be termed as â€Å"Achilles’ heel† of the whole human resource system. The employees employed in an organization need to be enlightened about the objectiv es of the enterprise and an alignment to these objectives on the part of the employees would lead to achievement of the overall success of the company. Implementation of performance management system helps to measure the achievement of organizational strategy (Pulakos, 2004). Elaborately, a performance management system may be defined as a continuous process identifying the performances of the employees, measuring these performances using various methods and tools, developing the downsides of individual performance and finally aligning the same with the organization’s strategic goals (Health Service Executive, n.d.). Performance appraisal is the activity catering to the formation of performance management system as a whole. There are various performance appraisal systems available globally to measure the performance of any individual. A performance management system considers the various strategic planning initiatives of the organization, it follows an ongoing feedback proces s in order to facilitate the employees develop their performance and the whole process is driven by the line managers of the company (Health Service Executive, n.d.). Among the various methods available for appraising the performance of individuals, this paper intends to shed some light on the 360 degree performance appraisal method and its implications within an organization named Bromley Healthcare on practical basis. Part–2 of this paper deals with the implementation of the 360 degree appraisal method, for all