Performance Management System (PMS) –
A Performance Management System is a well-organized approach to measure employee’s performance. A firm with a well-executed performance management system can help you to align its mission, goals and objectives with available resources, setting-up with the priorities increases productivity, improving employee morale, and retaining its top workers.
At most time, disconnect among individual targets & overall business goals makes the process monotonous and a mere formality. Performance Management System is necessary to the success of every organization because it influences the activities expended by employees, which in turn, drives bottom-line business outcomes. A strong Performance Management System promotes constant and clear communication within the organization.