Performance Management Appraisal of Hewlett-Packard (HP)

Performance Management Appraisal of Hewlett-Packard (HP)IntroductionHewlett-Packard is believed to be adept of the most popular companies in the universe. It markets all over the world and manifest locations. Bill Hewlett and Dave Packard founded HP in the year 1939. The company has its own philosophy to attain success and stand different from its competitors in the market. Management by Objectives (MOB) is one of the successful trends carried out by HP familiarity to measure its action worry and judgment system. Therefore many companies were following this method for evaluating their performance management. The heading of this report is to identify the performance management effectiveness and frequency of approximation and also recognize the strength and limitations at HP Company and to make recommendations regarding their limitations and affirmable ways to overcome them (Armstrong 2005).Hewlett-PackardHewlett-Packard (HP) is a multinational company marketing allover the wo rld. The company offers a wide range of consumer and IT products such as personal computers, Lap nips, picture machines and services, Ink, Toner paper, Monitors, Accessories and softwargons, Scanners, Smart Phones etc.The HP WayThe HP way is not entirely different from other companys management philosophy. But the company has got its own principles and management frame implemented by its founders in approaching the top to bottom level management in distinct way. It implies that the company should trust and respect any individual and they believe in their employees intelligence leads to company success and they followed decentralized system (Peter Burrows business week 2004). This leads HP Company to retain the second top most places in the hardware industry globally (Hardware Top 100 2010).System AimsPerformance management is a touch on carried out by organizations in locate to attain the organization goals by identifying their employees performance individually and in teams (A rmstrong Baron, 2005). The management levels may differ from organizations to organizations thus each management has its own performance appraisal system to identify, support, ascertain problems, develop and appreciation to the employees regard their work performance (Sims 2002a, p. 81). Performance management evaluates the companys performance of the employees, which helps to give effective feedback in browse to improve their employees working performance and to succeeded organization targets. The organizations targets are considered to be the long-term goals and to attain that performance appraisal system are to be carried as short-run goals. Controlling process, which is the most important role of any organization to monitor the individual employees performance and this helps to compare the employees performance and to analyses the overall management performance (Sims, 2002a). The staple fiber need for controlling system is to initiate performance principles, observing perfo rmance of the employees and comparing it with the primary principles framed by the organization and finally taking undeniable action to manage the performance.Performance management at HPHewlett-Packard applies the quality management therefore their organizations aim and objective is concerned close to the ultimate customers. Therefore, HP employees utilize the scheme called Management by Objectives (MOB). This scheme has structured the company objectives into two elements as long-term objectives and short-term objectives. These objectives were discussed between their distinct management levels that are communicating the performance criteria with the individual employees and as department vise were negotiated. The Management by Objective (MOB) scheme finds how the employees complete their task successfully, which indicates the process of mentoring and coaching. This process is do efficient by interconnecting the monitoring process at all levels throughout the HP Company. MOB als o involves in the strategic planning of HP Company as a part that describes the aim or goal of the company. The companys top management involves in performance management system and introduces the performance appraisal process to the employees and given chances to fix their goals. Even the workers at bottom management level are encouraged to participate in the process of ratiocination making by suggesting their views for attaining targets successfully this process is carried out for every six months between all levels. The Mobs objectives are to serve as day-to-day to help in making decision for tremendous growth of the company. Dave Packard believe in if HP made every individuals understanding their company objectives and goals and what the company planning for, then they could easily get every employees narrow attention towards attaining the goal. This is known as the HP Way.Frequency of AppraisalIt is a process of identifying the employees characteristics during the working per iod that staple fiberally indicates denary and also soft features of management performance. This can be identified by adopting certain appraisal methods in order to find how the employees work efficiently and perfectly. Accordingly performance appraisal has goal setting and performance evaluation as arching targets. These targets are combined because of the performance management criteria used by the managers/supervisor in order to encourage the employees by giving proper command about how to transfer results to compete distinct levels of performance.1. Goal SettingIn HP Company they traditionally practice the HP Way, according to it they give respect and importance to each individual employee, therefore people in top-to-bottom level management have hardened their goals. According to Bill Hewlett (co-founder of HP) a organizations performance should be measured by setting up of Goals also that should be measurable in both soft and quantitative terms for efficient management pe rformance (mystrategicplan).2. Performance EvaluationIn Hewlett-Packard, the performance evaluation method is implemented as a basic development device. The company conducts frequent meetings by mixed up with all level of management people at one roof to evaluate about the management performance quarterly. According to the HP Way the employees are given full freedom to place their requests and ideas in the meeting and their suggestions are strongly supported. They practice an informal way of approaching to the analysis the performance of its management by giving feedbacks to the employees on an ongoing basis. This reflects and made the company to introduce 360-degree and MOB appraisal method as measuring the companys performance.Method of AppraisalManagement of ObjectivesIn HP Company their managements performance is analyzed by carrying out the management of objectives appraisal method. Through this method the company find their employees rating during the work time and those who a ttain top rating are awarded with promotions and offers on the other hand the employees who got little performance rating will be taken necessary actions to make them correct accordingly. This appraisal scheme followed by the Hewlett-Packard Company measures both the qualitative and quantitative aspects of their employees performance. The company follows a quality management hence their objectives