Performance Management Systems and Strategies

PROCESS OF BUILDING PMS

A PMS helps an organization to obtain and analyse relevant performance data in order to track the performance of employees both at the individual and at group level. Individual performances along with the overall performance of the organization help measure the results or the level of achievement of business goals. To do this, we have to first define the performance review process, which follows a combination of numeric and subjective rating approach. A good performance review process assesses employee performance along with the organizational performance. After effective design of the performance review process, it is desirable to decide on the review schedule which may be monthly, bi-monthly, quarterly, six-monthly, ...