Performance Management System for Organizations

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Performance management system Performance management can be defined as a systematic process by which the overall performance of an organization can be improved by enhancing the performance of individuals within a team framework. It is a means for promoting superior performance by communicating expectations, specifying roles within a required competence framework and establishing achievable standards. According to Armstrong and Baron (1998), Performance Management is both a strategic and an integrated approach to delivering successful results in organizations by improving the performance and developing the capabilities of teams and individuals. Characteristics of performance management system A performance management system includes the following actions. 1.Establishing clear job details and employee performance plans which includes the key result areas and performance indicators. 2.Selection of right people by implementing an appropriate selection process. 3.Negotiating requirements and performance standards for measuring the results and overall productivity against the predefined standards. 4.Providing regular coaching and feedback during the period of delivery of performance. 5.Identifying the training and development needs by measuring the results achieved against the set standards and implementing comprehensive development programs for improvement. 6.Holding quarterly performance development sessions and judging employee performance on the basis of
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