Performance Management And Learning & Development Go Hand In Hand
It is very rightly said by one of the authors that – Employees cannot become more productive in every sense of the word unless they are provided with continuous on-the-job training and unless their performance is continuously monitored.
The industrial revolution has brought many changes in the day-to-day working culture. Today is the era where every single thing is monitored and recorded. And through this statistical data organizations come to know where they need to do the improvements. So, when we are talking about performance and learning & development management then we cannot deny the fact that these two terms are interdependent on each other. Whether it is a performance management or learning and development, organization has to invest huge amount so that they can maintain their return on investment.
As we all know that because of the technology advancement every person wants to keep themselves in line with it so that they should not get out of the race. Employees are taking training, learning new courses, developing themselves to meet organizational needs and in the same manner, organizations are providing full support to them by taking care of their needs either by providing them in-house training or by sponsoring their training.
In a similar manner, performance management plays a vital role, when organizations are investing a huge chunk on developing employees, they also want to monitor how the employee is performing and what output they are getting on their investment.
Let us discuss how these two terms help employees and organizations developing together –
- When organizations start monitoring employee’s performance, they make sure that their roles are defined and harmonized with the organizational goals, and based on that training needs generate.
- These days organizations believe in a continuous performance management system that helps employers and employees in monitoring, planning, reviewing the performance together, which builds a trustworthy bond between them.
- In the learning and development phase, everybody has a clear vision on which part of training one has to focus on, which is more beneficial for both employee and organizational growth. This is how the performance of the employees improves.
- Learning process should be an organized process and it should be available to the right employees so that it has its maximum utilization for both organization as well as for employees.
- Performance monitoring and giving an opportunity to learn encourages the employees to work more efficiently and effectively.
On a concluding note, Performance Management & Learning, and development are the two core functions of any organization. This is quite challenging and requires investing a great amount of time and money. So, it is recommended that before investing in both the functions organizations must revise their strategies, list down the current and future requirements, study the technological demand in the market, and so on.
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