Performance Management Systems and Strategies

OVERVIEW OF PERFORMANCE MANAGEMENT

Modern performance management systems emphasize the facilitation model of leadership. With the recognition of people as the only sustainable resource for competitive advantage and subsequent institutionalization of practices like linking employees' performance to the strategic intents of the organizations, performance management practices have now been recognized as a high priority human resource management function. As a process, performance management provides an opportunity for mutual discussion on the development goals of employees and organizations and designs a feasible plan to achieve such decided goals. This process not only helps organizations to grow and achieve excellence, but also provides opportunities ...