The management of any organization or company are often faced with situations or questions like how to improve productivity, conducting appraisals  improve communication across the organization including getting effective feedback, reduce conflicts, identify performers or non performers, hiring or firing employees, lowering  attrition, retain performing employees, right compensation packages, incentive planning, designing  training and development programs for employees or motivating employees etc.

This is where an effective performance management system plays an important role.

 

At the organization level an effective performance management system helps in

1.       Effective communication across the different organizational structures

2.       Improving employee  productivity

3.       Increase and improve productivity and performance of the organization

4.       Lower employee attrition and  increases employee loyalty

5.       Reducing overall costs, increases profit

 

At the Managers or Supervisors Level an effective performance management system helps in

1.       Better performance and productivity

2.       Designing training and development programs for employees

3.       Improving Team Building and Team Work

 

The Employees an effective performance management system helps in

1.        Goal setting and Achievement

2.       Improves motivation levels

3.       Job satisfaction

4.       Self assessment

5.       Understand Career Paths

6.       Understand job profile and expectations

 

Swaminathan Sankaran is an Author, Motivational Speaker, Soft Skills and Corporate Trainer, HRD Consultant and Director Asktenali Technologies Private Limited .

He has held several senior management, positions in the Information Technology Industry.

Thousands have benefited through his seminars, workshops and lectures on Effective Leadership, Soft Skills, Motivation, Sales and Customer Service Orientation, Human Resources Development, Personality Development and related topics conducted for Senior Management Professionals, Executives, Faculties and Students of educational institutions.

Swaminathan's workshop topics and training courses are creative, innovative, and inspirational and focus on shifting perspectives on leadership.

www.asktenali.com

Benefits of Performance Management Systems

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