Performance Management Systems and Strategies

PMS AND ORGANIZATIONAL STRATEGY

Strategy sets the direction and also defines the scope of an organization. While the direction helps the people working with the organization to channelize their efforts to achieve the common goals, scope limits the activities of the organization to focus such efforts. Both the direction and scope matched with resource allocation help the organization keep pace with the changing environment, and meeting the expectations of different stakeholders. Strategic human resource management (SHRM) is a competency-based approach ‘that is tailored to the demands of the business strategy’ (Miles and Snow 1984). Also it is the ‘pattern of planned human resource activities intended to enable an organization to achieve its goals’ ...