What Are the Benefits of Performance Management Systems?
Performance management systems are vital to the smooth running of any enterprise. They ensure that employees know what is expected of them and receive feedback on how their performance measures up against standards. These systems provide a sound basis for making decisions about advancement, rewards and disciplinary action.Setting ExpectationsEmployees are unlikely to perform well if they don’t have a thorough understanding of what is expected of them. Performance management systems begin with clear, detailed job descriptions that are updated regularly, ensuring that employees know the duties and responsibilities of the positions they hold.DialogueManagers and their subordinates often have significantly different views of how well the employee is performing. Performance management systems provide the opportunity for a two-way conversation regarding the employee’s performance; this can be surprisingly enlightening to both sides.Course CorrectionEmployees often continue to make the same m