Essential Employee Performance Management

The road to become a market leader or market challenger is not just about talking or doing advertisement, its about the competent human capital and the requisite skills set you have in the organization. Two companies can have the same technological advancement and money but what will make one become a market leader is their human capital or the qualify human resources at the company disposal.

The basic thing for company to do is to have an objective of employee performance management, the components of employee performance system, the need for an effective performance management system and performance appraisal and performance management. There are a lot of gains or benefits of an effective employees performance management system.

There are some stages companies need to go through in development and implementation of performance management system such as goal-setting and motivation, encouraging stage, stage of reward and consequences and performance management in action to ensure the best for the organization.

The best way to know the through performance is performance assessment techniques apply in the organization such as holistic analysis of the performance, narrative assessment, ratings, forced distribution and forced rankings and finally the usage of the quota systems. In any good organization individual development is very important in the success and performance of the organization such as role profits, objective setting, performance measure and assessment and development planning and performance planning.

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