A performance management system is a structured process used by organizations to evaluate and improve employee performance. It involves setting clear goals, providing regular feedback, and conducting performance appraisals. This system helps align individual objectives with the company’s overall mission, ensuring everyone works towards common goals.
Also See: Supply Chain Management PPT: Working and Types
Performance Management System PPT: Meaning, Process, Importance
By offering continuous feedback and support, a performance management system fosters employee growth and development. It also identifies areas for improvement, helping employees enhance their skills and productivity. Effective performance management leads to higher job satisfaction, better performance, and organizational success, making it a crucial aspect of modern business management.
Also See: Brand Management PPT: Working, Benefits, Techniques
Table of Content for Supply Chain Management PPT
- Introduction
- Definition
- Importance of Performance Management
- Performance Management Process
- Advantages
- Disadvantages
- Conclusion
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