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Performance Management Systems and Strategies by Dipak Kumar Bhattacharyya

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ANNUAL STOCK-TAKING OF PERFORMANCE

Annual stock-taking of performance is basically a performance audit function, which apart from usual employee evaluations, emphasizes on measuring the proper alignment of performance results with the organizational and employees’ growth. For organization stock-taking of performance helps in achieving the goals by optimizing employee performance, duly identifying their strengths and weaknesses. For employees, on the other hand, it helps in providing guidance to perform the jobs and also help in defining the career path. Performance audit is a more holistic term, as it encompasses the examination, operation, and procedures of the management system to assess whether the organization is achieving economy, efficiency, ...

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