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Impact of Performance Management Systems

   

Added on  2021-06-17

7 Pages1292 Words35 Views
Professional Development
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Running head: PERFORMANCE MANAGEMENTPerformance ManagementName of the StudentName of the UniversityAuthor note
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1PERFORMANCE MANAGEMENTTable of ContentsPart-1..........................................................................................................................................2Impact of performance management systems in an organization..............................................2Impact of performance measurement for individual.................................................................3Impact of performance measurement for team..........................................................................3Part-2..........................................................................................................................................4Performance management systems in Dodo Exclusive shoes...................................................4Reference List............................................................................................................................5
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2PERFORMANCE MANAGEMENTPart-1 An organization implements performance management for setting goals for theorganization and revise them for aligning the workforce with priorities and direction of thebusiness goals (Mone and London 2018). This business goal considers goal setting for manager,team, and individual so that all their working targets can be clearly defined. Anitha (2014)furthermore stated that performance management is also implemented to identify gaps inemployee skills and to find required development and resource planning for improving thecompetency of the employees. In addition to that, the reward and recognition aspects of theperformance managementhelps employees receive a balanced working environment. Impact of performance management systems in an organization Qureshi and Hassan (2013) stated that the main impact of the performance managementsystem is to enhance the employee’s productivity and to increase the profitability of theorganization. The mangers are liable to evaluate the performance of the employees and appraisethem using formal and systematic performance management system along with developingperformance rather than maintaining their performance. Davis et al. (2016) portrays thatemployees should be valued for their achievements, provided with opportunities for expressingtheir views. All these aspects allow the employees of the organization to outperform and lowperforming employees to perform with more effort for obtaining effective appraisals. Shields etal. (2015) furthermore depicted that if an organization do not have any performance managementsystem, company have to face voluntary employee turnover, less self-esteem among theemployees, need more time for the organization to evaluate performance review activities for
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