Performance Management System: Issues and Challenges
In: Management and labour studies: a quarterly journal of responsible management, Band 36, Heft 3, S. 271-280
ISSN: 2321-0710
Human resource is a vital component for an organization. In the current scenario of business, their co-opt ability, competitiveness, knowledge updates, skill up-gradation and over & above their performance play crucial role in yielding successful results for a company. Organizations have started realizing and strategizing their Performance Management System (PMS) which has become an important area of concern both for the practitioners as well as for the academicians. In this paper, performance related issues, Systems Model on PMS, common practice, challenges of PMS, some of the problematic issues in managing employee's performance and the key role of the department of HRM have been discussed.