A Performance Management Policy Model for Romanian Banks Employees

Ioana Florentina Savu, Victor Ioane, Mihail Romulus Radulescu and Ioana Ceausu
Additional contact information
Ioana Florentina Savu: The Bucharest Academy of Economic Studies, Romania
Victor Ioane: The Bucharest Academy of Economic Studies, Romania
Mihail Romulus Radulescu: The Bucharest Academy of Economic Studies, Romania
Ioana Ceausu: The Bucharest Academy of Economic Studies, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2012, vol. 13, issue 3, 426-435

Abstract: Banks employees are one of the most important resources available to it. The need to invest in this resource is becoming stronger in the current conditions where the workload is high and the stress is a word used particularly by employees to describe their work. The overall aim of the performance management policy is to establish a high performance culture among Romanian banks employees in which individuals and teams take responsibility for the continuous improvement of business processes and for their own skills. Specifically, performance management is about aligning individual objectives to organizational objectives and ensurin that individuals uphold corporate core values. It provides for expectations to be defined and agreed in terms of role responsibilities and accountabilities (expected to do), skills (expected to have) and behaviours (expected to be). The main objective is to develop the capacity of people to meet and exceed expectations and to achieve their full potential to the benefit of themselves and the organization. Performance management is concerned with ensuring that the support and guidance people need to develop and improve are readily available.

Keywords: management; banks; performance; employees. (search for similar items in EconPapers)
JEL-codes: G21 M12 (search for similar items in EconPapers)
Date: 2012
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rmci.ase.ro/no13vol3/07.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:13:y:2012:i:3:p:426-435

Access Statistics for this article

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT is currently edited by Marian Nastase

More articles in REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT from Faculty of Management, Academy of Economic Studies, Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Marian Nastase ().