Performance Management and Personal Development Plans: 360 degree feedback as a developmental tool, performance linked career planning & promotion policy, Competency Mapping as a Performance Management Tool, Balanced Scorecard and its Applications, Mentoring System, Assessment Centres, role of technology in PMS, Performance Management Practices Of Different Companies (One example of National and International Company each).

1. Performance Management and
Personal Development Plans
UNIT V
Dr. Prachi

2. Contents
• Performance Management and Personal Development Plans:
• 360 degree feedback as a developmental tool,
• Performance linked career planning & promotion policy,
• Competency Mapping as a Performance Management Tool,
• Balanced Scorecard and its Applications,
• Mentoring System,
• Assessment Centers,
• Role of technology in PMS,
• Performance Management Practices Of Different Companies (One example of
National and International Company each).

3. 360 degree feedback as a
developmental tool
• The Benefits Of 360 Degree Feedback
• It Increases Self-Awareness. ...
• It Builds Confidence and Boosts Morale. ...
• It Creates a Culture of Openness. ...
• It Empowers Leaders and Employees. ...
• It Reduces Leader and Employee Turnover. ...
• It Increases Accountability. ...
• It's the Launching Point for Effective Professional
Development.

4. Performance linked career planning &
promotion policy
• To provide a system of equality in opportunity, equity in assessment
and uniformity in implementation among all the Units, Business
Groups, Directorates, and Officers of the company in the matter of
promotion.
• To seek and provide a continuous team of work sustained high levels
of competence in the company.

5. Competency Mapping as a Performance
Management Tool
• Competency Mapping segment encapsulates the key competencies
of an individual or an organisation and shows how to incorporate
those competencies through various processes, so that the
organisations gain a competitive edge over others with its workforce
ability
• The competency mapping and development of Competency
Framework is mostly done by Job Roles. For example, a customer
service executive, team leader, and manager will have different
competency profiles. It can also be done department wise like sales,
customer service, marketing, production, etc.

6. Balance Scorecard
• The balanced scorecard is a
strategy performance management
tool. The scorecard lists financials
goals, customer goals, internal
business goals, and innovation &
learning goals. These four goals give
a good overview of what the
company tries to achieve, i.e. the
company strategy.

7. Mentoring System

8. Assessment Centers
• Assessment centers employs multiple assessment methods and
exercises to evaluate a wide range of competencies used to make a
variety of employment decisions (e.g., employee selection, career
development, promotion). Assessment centers can be used to assess
small groups of people at relatively the same time.

9. Role of technology in PMS
• With technology, managers will easily monitor performance and
keep tracks the measures, objectives, and achievements. Even it is
possible to do the monitoring from distance with the use of network
and mobile technology. It makes things effective and efficient

10. Performance Management Practices Of
Different Companies (One example of
National and International Company each).
• https://blablawriting.net/performance-appraisal-in-tata-motors-essay
• PMS at Microsoft

11. Thank You.