Procter and Gamble PMT
The company,
Procter & Gamble Company is an American multinational consumer goods
company that is having billions of customers all across the world. The company
is enjoying a leading position globally among its giant competitors. Procter
& Gamble has the most trusted and quality brands in its portfolio that
provides the strength to the company. The company is operating its business in
many European and Asian countries and it is having around two hundred thousand
employees all around the world.
Having
such an appealing performance management
is one of the strengths of
P&G, which esteem apart from their competitors. Having such performance
management system shows P&G is valuing people. This is about appreciating
efforts and contribution of employees giving them due recognition. In such
industry of fast moving consumer goods, valuing the employer’s and working towards
their career development ensures employees dedication and loyalty towards the
company.
Performance
management system of Procter & Gamble
·
The performance management system intakes the
communication link between the managers and the employees so as to make clear
the responsibilities of the job.
·
The
performance management system is an integrated process that not only enhances
the work performances of the employees but it also develops the skills and
abilities of every employee that directly and positively impacts the overall
performance and profitability of the company.
·
The Procter & Gamble Company has its
diverse workforces that and this has given tough challenge to the company to
manage the diverse workforce. The company implements improved performance
management systems on the timely basis to set the competitive standards.
Currently the company is using best processes that are further giving strength
to its brand image and brand loyalty.
·
To maintain the performance standards of the
human resources, the senior authority of the Procter & Gamble's HR
department reviews the diversity aspects in every business units annually so
that they can improve the upcoming generation of their company leaders. Under
the company's performance management system, the supervisors of every business
units are also required to analyze the diversity reviews so that they can make
the skills and performance development plans for their less efficient
employees. The company maintains the collaboration between employees and the
employers to empower the employees and to attain its desired performance
objectives.
Performance Management Techniques
1. Self development evaluation
2. Skills development planning
3.Performance Target Planning
4. Mentoring
5.Performance Feedback
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