The method that I would use to differentiate the employees is performance management. Under this model, the employees will be ranked on the basis of the targets assigned to them. This would allow the management to identify those employees who have attained their targets and performed exemplary. On the other hand, those who do not attain their targets would be given a few chances to improve on their performance. Failure to take advantage of these opportunities would put them in line for dismissal. However, those who are able to attain their targets will be rewarded with bonuses as well as promotions. The net effect would be to motivate those who perform exemplary and also to serve as a warning to those who may want to fall behind in their performance.
One of the reasons why performance management is used is for the purpose of setting the employee’s objectives. Additionally, it is a very valuable tool that can be used to develop the employees in an organization. Performance management is a very effective way that can help in differentiating the performance of the employees with a view to awarding commensurate remuneration based on performance. Furthermore, performance management can be used to assess the potential of the employee with a view to evaluating their effectiveness to become the future leaders of the organization. Performance management can be used to assess the current position of the business as compared to the objectives that have been put in place. This will help the management to identify what should be done to ensure the attainability of those goals and objectives.
According to Thoms, it has been postulated that the process of performance management should commence at the point where the employer and the employees agree on the performance standards that will be used as the benchmarks for determining performance. In this way, the employee will be aware of the key areas that he will have to work on to ensure that he is rated favorably during the evaluation phase of the performance management.
Throughout the year, the management should communicate the organization’s goals and objectives to the employees. This will ensure that the employees are constantly aware of what is expected of them. Additionally, the management should provide the necessary resources to ensure the attainability of the performance standards, as well as provide the development of the employees through coaching and mutual feedback. When the time that had been set for the performance management has lapsed, the performance of all the employees should be evaluated against the set criteria. This forms the basis for the determination of the standards for the next period.
A very important aspect of performance management is performance appraisal. This is intended to ensure that the performance of the various employees will be recognized and rewarded. However, it must be noted that performance appraisal is the culmination of the process of overseeing performance throughout the performance management period. It is a very important event in that the employer gets an opportunity to communicate with the employees about their past performance with a view to improving their future performance. During the performance appraisal, the employer gets to assess the job satisfaction of the employees.
One of the benefits of performance management is that when it has been done in the right way, the employees can begin to view it as the process through which the performance of the organization can be enhanced, and not as a disciplinary process. The guiding principles for the appraisal process include the fact that it should help the employees to undertake their duties with a positive mindset. Additionally, it can help the employees to be motivated as they carry out their designated duties. Moreover, performance appraisal helps in acknowledging the efforts of all the employees who have been instrumental in the attainment of the goals and objectives of the organization.