Performance Management System

Running head: PERFORMANCE MANAGEMENT SYSTEM
PERFORMANCE MANAGEMENT SYSTEM
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1PERFORMANCE MANAGEMENT SYSTEM
1. Advantages of performance management system at Network Solutions, Inc.
The advantages of performance management system for Network Solutions, Inc. are
as follows:
a) Supports performance-based conversations- This performance management system will
force the top officials to frequently have a discussion with the staffs about their performance
and thus it will help in improving their performance thus supporting the company’s goal in
the long run.
b) Targeted Staff Development- The performance management plan at Network Solutions,
Inc. has various levels according to certain ratings ranging from 1 to 3. In this system 1
means the highest rated employee and 3 means the lowest rated employee. This system will
help the managers to help the employees in an individual manner according to their ranks.
They can be given proper training for improving their performance and thereafter necessary
actions taken (Buckingham & Goodall, 2015). The employees rated 1 can be encouraged
more by providing them with award and they can be deployed to help their colleagues who
are lagging behind.
c) Documented History of the performance of the employees- This program will help the
company to keep a track of the performance of all the employees in a organized manner so
that each of their contribution to the goal of the company is understood and the ones who are
neither good in their work nor trying to improve can be dismissed.
2. Disadvantages of performance management system at the company
The disadvantages of performance management system for Network Solutions, Inc.
are as follows: