PURPOSE OF PERFORMANCE MANAGEMENT IN ORGANIZATION Performance Management (PM) is a crucial part in human resource management process which is a systematic process of improving overall organizational performance by developing the performance of employees. Performance management is also related with the comparison of predetermined goals and objectives with the actual output of the employee for the set period. As Weiss and Hartle (1997) commented, performance management is: ‘A process for establishing a shared understanding about what is to be achieved and how it is to be achieved, and an approach to managing people that increases the probability of achieving success.’ A formal PM program helps managers and their employees to visualize eye-to-eye on expectations, goals and career progress, and how those things align with the company’s vision (Fallon, 2017) . Performance management is a planned process of following primary elements Agreement Measurem...
PURPOSE OF PERFORMANCE MANAGEMENT IN ORGANIZATION