Performance Management Research Paper

Performance Management refers to a comprehensive scientific approach to ensure a link between efforts to individual employees with vision and goals of the organization, to achieve excellence in organization on one side and satisfaction and growth of employees on the other side. Therefore the performance management system is an important instrument to facilitate organization to accomplish its goal. Both Individual skills and contributions and organizational objective measurement is needed to develop the important element of the organization, which is human capital. Employees are the critical factor in performance management system, where glowing designed model of system will result strong management guarantee and better employees’ performance

At this stage one or two job related development goals may be drawn for the employee.
 Setting check points; At this stage the employee and manager set specific times over the coming months when both can sit down to review performance. The purpose is not to evaluate but to identify problems and resolve them. The employee and the manager should met as and when necessary.

2.2 PERFORMANCE STANDARDS:
Standards are vital to the success of any communication programme and a performance appraisal system certainly one of the most critical communication programmes in an organization. Standards are an integral part of Performance appraisal process. Performance appraisal standards provide both the rater and the ratee with a basis for describing work related progress in a manner that is mutually understandable. Performance standards provide a degree of uniformity in the non uniform world of work.
A specific performance standard should have certain characteristics.
 It should enable the user to differentiate between acceptable and unacceptable results.
 It should be of some challenge to the

This literature review examines the differences and similarities in the performance management system (PMS) in Indian and international companies. Performance management system is the transformation from performance appraisal system which is very important for every organization. In this study, it also investigates that what the important aspects are of PMS. The result indicates that most of the Indian and international companies did not have much differences in their PMS except cultural differences. The important aspect of PMS is its implementation in the organization and acceptance by the employees. By doing extensive literature review, it has been found that performance management system is not having much difference except cultural implication in both Indian and international companies. PMS has both negative and positive aspects in Indian and international companies. In most of the companies the traditional appraisal system is existing, where appraisal is done once or twice in a year and in some companies, feedback system was very poor or absent. This created bias in employee evaluation because if they have been given poor rating then they will not be in the position to know about their mistakes. If they are given good rating then they will not bother to know their mistakes so that