SYNOPSIS Performance Management

Name : Syed Kashan Ali Shah Class: MHRM final Seat no: EP1034032
Course In charge: Dr. Abuzar Wajdi

INTRODUCTION
Performance management is an ongoing, continuous process of communicating and clarifying job responsibilities, priorities and performance expectations in order to ensure mutual understanding between supervisor and employee. It is a philosophy which values and encourages employee development through a style of management which provides frequent feedback and fosters teamwork. It emphasizes communication and focuses on adding value to the organization by promoting improved job performance and encouraging skill development. Performance Management involves clarifying the job duties, defining performance standards, and documenting, evaluating and discussing performance with each employee. Armstrong and Baron (1998) defined Performance Management as; a process which contributes to the effective management of individuals and teams in order to achieve high levels of organisational performance. As such, it establishes shared understanding about what is to be achieved and an approach to leading and developing people which will ensure that it is achieved.

IMPORTANCE
The interest in this topic has become more prevalent as the demand for up-to-date information has intensified with the economic downturn. Human Resource professionals are striving to ensure performance is assessed against fair and relevant measures and are focusing on issues that really matter for their business. Performance management is about helping people to understand how they contribute to the strategic goals of organisations. It is the process of creating a work environment in which people are enabled to perform to the best of their abilities. Your employees are an integral and indispensable part of running your business smoothly and efficiently. That's why, keeping in mind the crucial role of your employees, a recent trend known as Performance Management has come into practice. Using performance management, you can ensure that your employees not only fulfill their responsibilities, but do so to the best of their abilities and up to your expectations. Performance management allows you to tap the full potential of your staff. In short, it can be described as a comprehensive process starting from monitoring and developing the desired traits to rating their progress and rewarding them for their achievements.

METHODOLOGY
There are various research methods that can be used for this synopsis but I am using survey research method because it is more accurate, time effective and easy to collect necessary information. The research questionnaire is consists of twelve questions and the sampling technique which I am using for conducting this research is convenient sampling. The sample size for the synopsis is 40 and the respondents of the questions are employees.

HYPOTHESIS
The assume hypothesis for my research report is: H1: The reward is essential to enhance the employee performance. H2: The Employees involvement in the Planning Stage is essential to enhance the employee performance. H3: Monitoring the Progress of Your Employees enhance their performance. H4: The Evaluation of Individual Performance enhance the performance of employees

CONCLUSION
In a nutshell it can be concluded that rewarding and appreciating your employees' efforts ensures that the level of their performance and consequently the performance of your business is not compromised. It ensures optimum productivity, performance and maximum profitability. Evaluating and rating the performance of your employees on an individual basis is essential. This gives them a clear picture of where they presently stand, areas that they need to work on and what they are good at. This way, they can focus more on their weaknesses and work to strengthen those areas. The mere making of plans alone will not help you to run your business successfully. You must also focus on the appropriate ways to get business tasks done. One way of doing this efficiently is to involve your employees in the planning process. This will not only boost their morale and confidence, but also help you avoid any communication gaps in the process.