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We believe that there is a strong willingness among individuals to set up and reach goals. No matter if it concerns personal achievements or a professional career, a clear and outspoken goal and a continuous follow up of the progress towards that goal will enhance performance. However, it is very important to understand the fundamental purpose of introducing goals and following up goals in an organization, so called Corporate Performance Management (CPM). The value of having goals is not the goals themselves, but to create a behavior among all employees which is in line with the organization’s strategy.
Please answer this question.
1) Helps in Self Evaluation and Development
2) Helps in Wage and Salary Administration
3) Decision Making in Selection, Training, Promotion, Pay Increment, Transfer.
Keep it lock this term that "Performance Management is the HEART of HR system" without having effective polices and tools in this section will resulted in improvement of employee skills, retention, succession planning and career progress. To achieve these objective there is need to have effective performance management.
