Research Paper On Performance Management

Research Paper On Performance Management-43
This situation has put more focus on effectiveness, that systems and processes in the organization be applied in the right way to the right things to achieve results.Performance management provides the way to managers to overcome and improve the sudden changes very soon [7].Performance management requires that managers ensure that employees’ activities and outputs are congruent with the organization’s goals and, consequently, help the organization gain a competitive advantage.

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Increasing competition from businesses across the world has meant that all businesses must be much more careful about the choice of strategies to remain competitive.

Everyone (and everything) in the organization must do what is supposed to be done to ensure strategies are implemented effectively.

Therefore, in this competitive environment the need for improved performance of each individual and teams working together to achieve organizational goals is the key to competitive advantage.

To ensure market competitiveness performance management system is highly desired to develop the capacity of the employees and inspired them to put maximum effort in the realization of organizational goals.

Stredwick [2] demonstrated the importance of employees’ performance management as: “To all intents and purposes, an organization is judged by its performance.

Organizations can perform well or poorly due to external forces however, the majority of economists and commentators agree that the biggest influence on organizational performance is the quality of the labor force at all levels of the business.

Furthermore, it has been suggested that CBE shall make the evaluation criteria objective, conduct the evaluation at the right time and clearly articulate the end-to-end implication of good as well as poor performance.

The study was limited to empirical data collected from one district of the case bank, however as the HRM policy of the bank is same throughout the bank system the data is expected to be valid.

The study employed descriptive research method of study with stratified random sampling technique to select respondents and collected empirical evidences using questionnaire and interview.

The study used both primary and secondary data for the study.


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