A good PM system is the central nervous system of the organization since it is providing operational intelligence on a real time basis, indicating performance relative to goals, effectiveness and efficiency of programs and services, performance of processes, and customer. Performance Management System is a process of setting objectives, making plans to achieve those objectives and accomplishing the desired results. This pAPER describes about the Performance Management System which is followed in many of the companies.

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This paper also describes the problems faced by the appraisees and the appraisers in this system. It also elaborates about the steps taken by the appraisers to improve the performances of the appraisees so that their efficiency can be increased and later the rewards and recognitions are given in the form of promotions, incentives and empowerment. Whether An individual is Human Resource professional, a manager or an employee; chances are you aren’t thrilled with their performance appraisal view process. They are rarely easy or effective and they take up their precious time for little result.

With Success Factors, the performance appraisal process is streamlined and impactful. It becomes simple for managers to agree upon goals and skills with the employee and then deliver constructive feedback on their progress. With clearly outlined goals, the process benefits BOTH the individual and the organization. A good PM system is the central nervous system of the organization since it is providing operational intelligence on a real time basis, indicating performance relative to goals, effectiveness and efficiency of programs and services, performance of processes, and customer.

Performance Management System is a process of setting objectives, making plans to achieve those objectives and accomplishing the desired results. This pAPER describes about the Performance Management System which is followed in many of the companies. This paper also describes the problems faced by the appraisees and the appraisers in this system. It also elaborates about the steps taken by the appraisers to improve the performances of the appraisees so thattheir efficiency can be increased and later the rewards and recognitions are given in the form of promotions, incentives

Page 2 Performance management system Essay

and empowerment. Whether An individual is Human Resource professional, a manager or an employee; chances are you aren’t thrilled with their performance appraisal view process. They are rarely easy or effective and they take up their precious time for little result. With Success Factors, the performance appraisal process is streamlined and impactful.

It becomes simple for managers to agree upon goals and skills with the employee and then deliver constructive feedback on their progress. With clearly outlined goals, the process benefits BOTH the individual and the organization. A good PM system is the central nervous system of the organization since it is providing operational intelligence on a real time basis, indicating performance relative to goals, effectiveness and efficiency of programs and services, performance of processes, and customer.

Performance Management System is a process of setting objectives, making plans to achieve those objectives and accomplishing the desired results. This pAPER describes about the Performance Management System which is followed in many of the companies. This paper also describes the problems faced by the appraisees and the appraisers in this system. It also elaborates about the steps taken by the appraisers to improve the performances of the appraisees so that their efficiency can be increased and later the rewards and recognitions are given in the form of promotions, incentives and empowerment.

Whether An individual is Human Resource professional, a manager or an employee; chances are you aren’t thrilled with their performance appraisal view process. They are rarely easy or effective and they take up their precious time for little result. With Success Factors, the performance appraisal process is streamlined and impactful. It becomes simple for managers to agree upon goals and skills with the employee and then deliver constructive feedback on their progress. With clearly outlined goals, the process benefits BOTH the individual and the organization.

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