Performance Management

In: Business and Management

Submitted By nan1sm
Words 4807
Pages 20
I. Introduction In today’s world, a lot of organization has put much effort and focus on how to make their workforce be as much as efficient and effective as they can be.
Organizations across the globe has developed structures and programs that help them get the best from their employees and in return they align such structures with their objectives and goals. Thus came the introduction of Performance
Management. Organizations as a whole initiated this system of appraising and evaluating employees’ performance to gauge and measure productivity in work- related situations and operation. This work will try to seek a thorough discussion on the topic “Performance
Management can be a useful tool to align company objectives and individual objectives. This results in successful operations.” A vast methodology of research has been done to find a correlation between theories and practices including examples. Literature reviews have been made in order to arrive at a definitive conclusion about the above-mentioned topic. This paper shows an in-depth analysis of the factors affecting Performance
Evaluation system and likewise the underlying need for organizations to have a robust performance management system in place. The different Performance measurement systems were discussed to show the relevance of such in achieving organizational strategic goals. To further illustrate the points, data and information were derived from different sources. Sources of information from vast outlets are used to identify and to make a thorough comparison of different criteria that organization use.

II. Performance Management Organizations began using Performance Management around 60 years ago with the main intention of determining employee’s wage based on individual work performance. It was also…...

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