Performance Management

In the modern workplace, performance management is essential and improvement of performance management is an increasingly popular. Ever-increasing business pressures and competition drive the intense focus on performance management, which requires organizations to become more effective and efficient in executing the business strategy, and to do more with less (University of California Armstrong Baron, 1998). The most important reason to evaluate the effectiveness of performance management processes is to tighten the link between the strategic objectives of the business and day-to-day actions of employees. There should be effective goal setting which when combined with a system of tracking progress and eliminate obstacles, contributes to success of strategy and bottom line results. The performance management system should be evaluated for ability to regularly track progress against performance goals and objectives. The performance management system should also be able to provide opportunities to recognize and reward employees for performance and exceptional effort. The performance management system should contribute to job satisfaction and productivity (Armstrong Baron, 1998). Performance management should be evaluated for ability to make employees feel successful, want to do well at their job and know they are making a valuable contribution. For this to happen the performance management system should