Question

describe the main purposes for this performance management system, and then explain each step by saying who evaluates it, how often each step occurs, and what the results are.

Answer 1

Performance Management System is a continuous cyclical process carried in organisations to check that the strategic alternatives are met.The main objectives of performance management system are to that employees are performing well as per the standards. It is a people centric process.

The main purpose of performance management system are that it improves the employee morale and help them achieve their targets and attain full potential. It also provides information to the employers about their employees work schedule.

Features of a good performance management system are as follows:

The steps of performance management system are as follows:

1. Planning and goal setting: This stage includes employees’ goal setting in accordance with the job description of the employee.

2. Monitoring: In this phase, employer monitors the employees’ performance based upon what was planned and what is achieved.
3. Employee Development: This phase includes employees development for his up skilling
4. Rating: Each employee is rated in order to assess the overall performance of employees. This can be done via his own boss and peers.
5. Employee Recognizing: It is crucial part of employee performance management system as this builds motivation and loyalty amongst the employees.