Performance management

There are few comprehensive definitions of performance management. HM treasury describe performance management as “Managing the performance of an organisation or individual”. Another way of putting the overall and performance management is that it exists to establish a culture in which individuals and group take responsibility for the continuous improvement of the business process and of their own skills and contributions. It is about sharing expectations.

When people know and understand what is expected of them, and have taken part in forming these expectations, they will use their best endeavors to meet them.

The capacity to meet expectations depends on the level of capabilities that can be achieved by individuals and teams, the levels of support they are given by the management and the processes, systems and resources made available to them by the organization.

It is concluded from the survey that all the respondents are aware about the current performance management system but employees are not showing their effectiveness in the company so all should improve their performances as well as attitude to develop the profitability of the company.

This study has shown that performance management is a comprehensive approach to planning and sustaining improvements in the performance of employees so as to meet the standards. Most of the HR professionals are not comfortable with conducting performance review. Create a trust in them about performance review techniques and maintaining good relationship with employees for improving their performance and accomplishing goals and objectives of the organisation.