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F​‌‍‍‍‌‍‍‍‌‍‍‍‌‌‌‌‌‌‍‍​or this assignment, you will write a research paper on a topic related to performance management. You should have a good start on this from the two previous assignments completed in this course. Your research paper should be in APA 7th edition format, include a cover page, an Abstract, at 5 pages of double-spaced content (no extra space between paragraphs) in-text citations, and a list of references cited in the paper. Please use indent paragraph format. Include a minimum of 4 references.

 Outline I. Performance Management is a tool that allows managers to monitor as well as evaluate employee’s performance. It allows HR to create a creative and healthy work environment and encourage their employees to work to the best of their abilities. In this essay we will be discussing the different types of performance reviews and why they are important to the companies’ overall goals. 

A. Common problems associated with performance management systems 

I. Lack of management 

II. Poor communication

 III. Lack of consistency 

B. Benefits to PMS as well as strategies for success 

I. Define objectives 

II. Utilize Performance management software 

III. Offer frequent feedback 

IV. Peer reviews 

V. Recognition 

II. What are the elements to performance management? 

A. 4 Essential elements 

a. Purpose 

b. Outcomes 

c. Accountability 

d. Teams

 B. Performance Reviews

 a. Ranking-employees ranked from highest to lowest 

b. Peer reviews

 c. 360 feedbacks 

d. Competency- employees being compared to the specific competencies set in place by the company 

e. MOB (Management of Objectives) 

f. Phycological appraisal ​‌‍‍‍‌‍‍‍‌‍‍‍‌‌‌‌‌‌‍‍​

g. Behavior anchoring scales 

III. Common Performance Rating errors 

IV. Performance Improvement Plans A. What they are and how they benefit the goals

 V. Conclusion: Performance Management is in place to improve the overall all performance in a workplace but also to make the employees feel valued with that company. Human resources in responsible for fully understanding the benefits to using performance management as well as the different types to receive the best results. Individuals are significantly more likely to do good work in they fully understand why is expected of them. 

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