Mgmt 4440 Essay Example | Topics and Well Written Essays - 1250 words - 1

Mgmt 4440 - Essay Example performance management lies in the fact that it helps distinguish between employees who are active and those who are actually working and motivates the former to be more like the latter, thus improving the overall performance in the organization. Also, when a customer is rewarded adequately for good work (whether monetarily or through promotions), they are more likely to be satisfied with their jobs, thus increasing the company’s retention rate. Also, it helps align the organization’s activities and the efforts of the employees with the goals of the organization. Employees are more engaged in their work. They look to take on more challenging assignments and enjoy working at their workplace, motivated to achieve the best that they can. This also results in timely and high quality work by the organization in turn. From the employee’s perspective, he / she has greater motivation to work in that organization. An employee who performs well has motivation to continue doing so and an employee who is slacking off is motivated to perform better when they see a coworker being rewarded. Performance management also drives employees to become responsible for their individual performances and drives a better employee experience in the organization. It makes employees strive for greater success and makes them more conscientious of their work. The statement ‘Business is behavior’ refers to the need for organizations to adopt a behavioral approach to management systems. This is due to the huge gap between an organization’s technical competence and the performance of their employees due to a poor understanding of social skills (Rana 2). Simply put, unless an organization succeeds in promoting positive work behavior and decreasing instances of negative work behavior among employees, it will never be able to actualize its potential no matter how well it boosts its other capabilities. Its success in business is limited by the least progressive factor which is often