What is a performance measurement analysis?
Performance measurement and analysis is a very vital HR function. The employees on their part know of the weaknesses and strengths in their performance over the past year. From the management viewpoint, it helps them to zero on the employees whom they must reward and whom they coerce.FunctionThrough these annual reviews of employees’ performances, the organization decides on promotions, terminations, hikes and bonuses, transfers, demotions, etc. The annual net contribution of a particular individual employee is gauged by performance measurement analysis.FeaturesBetter communication channels open up with performance reviews. At the beginning of the years, the managers sit their employees down and set reasonable targets that they must accomplish during the course of the year. At the end of the year the manager again meets the subordinates and honestly explains the highs and lows in performance. Also areas requiring training are isolated.BenefitsThe employees benefit by knowing about thei
