THE HR MATTERS

  (Anon, n.d.) WHAT IS EMPLOYEE PERFORMANCE MANAGEMENT An organization's dynamic and strategic approach to assessing each employee's successes and preserving a high-performance culture is known as performance management. Performance management in practice refers to management's ongoing efforts to help staff members grow, set precise objectives, and provide regular feedback throughout the year. In terms of human resource management, it's crucial to have a system in place for hiring, training, and keeping people, as well as for evaluating their work. Based on company culture and rules, performance management standards may differ from one organization to the next. But every company nevertheless adheres to a few standard characteristics. Behavioral characteristics, skill and competency levels, effectiveness, openness to learning, etc. are a few examples. FACTORS THAT INFLUENCE EMPLOYEE PERFORMANCE Many factors influence employee performance. A few common factors are as fo...

  WHAT IS EMPLOYEE RETENTION The ability of an organization to reduce employee turnover, or the amount of employees who quit their jobs either freely or involuntarily, is known as employee retention. The performance and success of a corporation are directly impacted by staff retention rates. By creating a nice work environment to encourage engagement, expressing gratitude to employees, offering competitive compensation and benefits, and promoting a healthy work-life balance, organizations may keep talented and productive staff while lowering staff turnover. IMPORTANCE OF EMPLOYEE RETENTION In order for employees to develop a sense of reliability and confidence among one another, employee retention is crucial to team development and cohesion in the workplace. When talented employees leave an organization, one of the biggest losses is diminished production and loss of competitive advantage. A company's capacity to fulfill its objective may be harmed by high employee turnover ...

  WHAT IS EMPLOYEE ENGAGEMENT The degree of an employee's mental and emotional commitment to their work, their teams, and their organization is known as employee engagement. In other words, employee engagement can be defined as the level of interest and excitement of employees in their work and workplace. BENEFITS OF EMPLOYEE ENGAGEMENT The advantages of increased employee engagement for an organization include the following. Increased Productivity It should come as no surprise that workers who enjoy their jobs exert greater effort, and their employers benefit as a result. Increased productivity among employees has significant effects on the organization's profitability and long-term viability. Reduced Employee Stress Employees who are less engaged are more likely to feel worried, and stress lowers engagement, creating a vicious cycle that can be challenging to escape. Thus, lowering stress and raising engagement yield benefits, illuminating yet another reason for the signi...

  WHAT IS SUCCESSION PLANNING The process of identifying the crucial jobs within your organization and creating action plans for people to fill those positions is known as succession planning. It identifies the people who hold the abilities and potential to fill these upcoming roles, as well as the staff demands of the future. In the long term, succession planning strengthens the overall capability of the organization by:   ·          Identifying critical positions and highlighting potential vacancies; ·          Selecting key competencies and skills necessary for business continuity; ·          Focusing development of individuals to meet future business needs. IMPORTANCE OF SUCCESSION PLANNING   Succession planning often means training the next generation to take over the business so that an organization need continue smoothly and without interruption, ...