Performance Management Systems and Strategies

PURPOSE OF PERFORMANCE MANAGEMENT STRATEGY

Performance management strategy aims to provide the means through which better results can be obtained from the organization, teams, and individuals by understanding and managing performance within an agreed framework of planned goals, standards, and competence requirements. It involves the development of processes for establishing shared understanding about what is to be achieved, and an approach to managing and developing people in a way that will increase the probability that it will be achieved in the short- and long-term. Evaluating periodically, the human resource inside the organization can increase the motivation and commitment of employees and enable individuals to develop their abilities, increase ...