There is a saying that goes: “What you cannot measure, you cannot manage. What you cannot manage, you cannot improve.” It is for this reason that most companies implement a performance management system. Performance management is a process for establishing a shared understanding about what is to be achieved, how it is to be achieved, and an approach to managing people that increases the probability of achieving success. The goal of a good performance management system is to work towards the improvement of the overall organizational performance while ensuring productivity and the wellbeing of its employees. By analyzing strengths, learning from areas for improvement, and examining potential growth and development, organizations can develop talent, enhance individual performance, and weed out problems as needed. Effective performance management encourages reward and recognition and boosts employee engagement and productivity.
To help you learn and understand performance appraisal, please click on this link https://ecop.org.ph/event/creating-an-effective-performance-management-system/2020-08-05/