Organizational Effort towards Performance Management System: A Key to Success

Abstract

The basic purpose of performance management system is to create the alignment in between the organizational objectives and its subsystems to achieve the organizational objectives. Developing and managing performance management system is not an easy task. There should be consensus among employees when goals are developed.  The effective implementation of performance management system is the key to success for organizations looking for achievement of the organizational goals. The main goal of performance management is to ensure that the organization as a system and its subsystems work together in an integrated fashion for accomplishing optimum results or outcomes. This article begins with a review of definitions and descriptions of performance management system and demonstrates its impact on individual employee performance and motivation towards organizational effectiveness.

Keywords: organizational effort, performance appraisal, performance management system, balance scorecard, employees’ performance.