Performance Management Analysis

Performance Management AnalysisStudent’s Name:Department & Institution of Affiliation:Course:Professor:Date:Performance Management Analysis: ValUShop Case StudyIntroduction“Performance management involves a systematic process that integrates various human resources activities with organization objectives through performance achievements by its employees” (Toong, Y.Y. 2019). Therefore, the success of a corporation heavily relies on its performance management system. The key components of a performance management system are performance appraisals and employee development; they are effective as support elements for HRM processes like salary and reward decisions, promotion decisions, employee training or actions taken against employees that do not adhere to company policy. When these systems are appropriately implemented in a firm, they lead to positive results for all the stakeholders in an entity. Even so, inappropriate implementation of performance management systems result in devastating outcomes for the entire firm and its stakeholders (Pulakos, E.D. 2004). ValUShop is a for profit, cable satellite and broadcast television network. After being appointed as the new Human Resource Director, I look forward to evaluate the current performance management system employed in ValUShop and develop techniques to improve on the current system in the hope that it will lead to better results for