MBA Journals Peer-reviewed management research from Consortium e-Learning Network

NOLEGEIN Journal of Performance Management & Retention Strategies

Performance Management: Taking a Step forward in Managing Employee Performance and Driving Business Results

  1. Debosree Sarma

Abstract

Organizations at present have become very competitive due to the fact that there is no monopoly inthe present market scenario. There are many similar organizations belonging to a particular sectorand some are doing well while others are not. What makes some organizations more successful thanthe others are the employees working in those organizations. The organizations at present havemoved from a traditional performance appraisal system to a more formal performance managementsystem which takes into consideration the human element of the organization and involves them in theentire process right from goal setting, fixation of Key Result Area (KRA), payment of performancelinked incentives to the final performance review. The present empirical study is based on certainqualitative aspects of the performance management system of a leading banking organization.

Keywords

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