Performance Management Systems and Strategies

Performance management systems manage the entire workforce of an organization to ensure optimum performance. It is the process of evaluation of employees’ performance, in alignment with the organizational strategy and business goals, benchmarking with the best practices. Performance audit ensures development, management, and retention of talent in the organization. The scope of performance management audit, among others emphasize on formal performance evaluations, incentive assessment, career development programme assessment, succession planning programme assessment, goal setting assessment of the organization, assessment of coaching and mentoring programme of the organization, work environmental issues assessment, etc. It helps the organizations ...