What is the importance of measuring and managing employee performance at work?
Let’s start with the basic business premise that all companies want to maximise their profits. This means that they want maximum income and minimum outgoings (financially speaking). One of the biggest (if not the biggest) outgoing for any company is the employee’s payroll, so it only makes sense that what the company is getting back out of the employee is monitored measured and managed. Only in this way can they maximise performance and hence, back to our basic premise, maximise profits.
