How can Performance Management programs help organizations t

How can Performance Management programs help organizations to stay competitive internally?

Solution

Performance means ability to do something or way of presenting some task

Performance appraisal means periodical process which is useful to access the work ability to employees in the organisation. This performance appraisal is useful to improve productivity and to reach predetermined objectives.

Jenerally, to do performance appraisal, organisations follow the different methods like ranking method, grading, 360-degree appraisal, management by objectives etc.

It is useful to improve the performance of employees in the organisation, once employees hired by the organisation, then management concentrate on development of them by setting goals in front of them and measure the performance of each employees.

With using this performance appraisal employees understand their abilities, they can give better competition to their colleagues, other departments or functional areas.

But this competitive environment is useful to reach organisational objectives