Performance Management Systems and Strategies

PERFORMANCE MANAGEMENT AS A MANAGEMENT TOOL

Performance management is the most critical management tool to improve overall organizational health. By recruiting the best fit, organizations cannot sustain in the long run, obviously for gradual redundancies of skill, knowledge and competencies. As a management tool, performance management ensures managers and employees possess the requisite skills and do whatever they ought to, conforming to the performance standards. But developing performance systems and enforcing its uses as critical management tool autonomously may not work, as an individual's willingness to perform is all the more important. This brings into focus the relationships between the managers and their employees. An integrated performance ...