Performance management means measuring criteria for organizational progress helping to accomplish their set target
and goals by taking suitable actions for the improvement of the company. Performance management system aims to achieve
the following target:
Enabling each employee to know what is actually been needed and what should be his role in achieving those targets.
It helps to maintain an honest relationship between the employers and employees.
Enabling each individual employee to feel motivate at work and make him know about his valued contribution in the project.
Enabling organization to reward the employees for his exceptional contribution to the company on a fair and equitable basis.
Enabling the organization to develop the employee on knowledge, skills and abilities and to raise career prospects.
Performance management system is being designed to successfully achieve the set objective as well as it also focus on helping the employees to understand what is being needed from them and how they could deliver it to the company.
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