Performance Management System At Business

3343 Words Nov 13th, 2014 14 Pages
Performance Management System in Business 1

Performance management system is a set of instructions to ensure employees about the level of performance which they are expected to follow. Their individual goals which they are expected to follow to achieve the objectives of the organizations. “Employee performance is the competitive advantage for creating a successful business. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product of service, as well as many other areas” (www.sucessfactor.com).
The main motive of the performance management system to ensure that all employees are performing their responsibilities in a prescribed manner which is set by the employer. Their commitment and dedication toward their job duties ensure the success of the organization in which they are employed. Large organizations have more formal ways to describe the performance of the employees where as in small organizations informal approach is adopted by the manager to ensure the goal of the organization and expected performance from an employee. Performance management system provide feedback to employees about what they have learned previously to achieve the targets of the organization and what they need to learn and follow to meet the future goal of the organization.
“In its traditional concept, performance management was seen as an approach to directing and controlling the performance of individual by…
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