Role of Performance Management System in enhancing employees’ productivity and satisfaction

Abstract

Human Resource Management is the focal point for any organization as it is one of the resources of gaining competitive advantage. The central purpose of this project is aimed to verify and analyse the role of Performance Management System in enhancing employees’ productivity and satisfaction. My inspection is basically based on the internal and external environmental analysis of the organizations i.e. SWOT, PESTEL, and competitors analysis techniques as these are the modern tools for evaluating any organization. Aspects that were investigated included planning, implementation, appraisal, feedback, and reward. Recommendations included setting of clear, realistic goals for individuals as well as for the teams, having regular review discussions on performance with employees, providing regular constructive feedback and reward system should be linked to the results of the appraisal i.e. there should be a contingent pay plan which is fair and just.