Performance Management in an Organization
Importance of Performance Management System for an Organization Figure 1 PMS (https://www.google.com/imgres) performance management system (PMS) The more multifaceted an organization is, the more control has over all the processes. Performance management is a fundamental concept for companies. Defined as the process of ongoing communication and feedback between a manager and an employee aimed at achieving organizational goals. Performance management cycle Figure 1. 1 PMS CYCLE(hrtrendinstitute.com/2021) · Planning includes establishing goals and determining success measures. · The progress of these objectives is being monitored. If there is any improvement potential or lack of performance. · Development of employees · The employee's performance is then evaluated and rewarded, and the cycle begins again. “If you can't measure it, you can't improve it,” according to a famous saying attributed to Peter Drucker. Or again, "you can't handle it unless yo