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LGL3702 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 6 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. $2.57   Add to cart

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LGL3702 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 6 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.

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LGL3702 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 6 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.

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  • July 19, 2024
  • 10
  • 2023/2024
  • Exam (elaborations)
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, Fully analyse the purpose of a performance management system.
In your answer you should describe how a performance
management system is established and developed.


Introduction
Performance management systems (PMS) are integral to the
operational success of organizations, ensuring that employees'
work aligns with the company's strategic goals. A well-designed
PMS facilitates continuous improvement, enhances employee
performance, and fosters a culture of accountability and
development. This analysis will delve into the purpose of a PMS,
the processes involved in establishing and developing it, and the
key elements that contribute to its effectiveness.
Purpose of a Performance Management System
1. Aligning Organizational Goals and Individual Objectives:
o Strategic Alignment: PMS ensures that individual

goals are aligned with the organization's strategic
objectives, fostering a unified direction.
o Clear Expectations: It clarifies job expectations and

responsibilities, reducing ambiguity and enhancing
focus.
2. Improving Performance and Productivity:
o Continuous Improvement: Encourages ongoing

development and improvement of employee skills and
performance.
o Feedback Mechanism: Provides regular feedback,

which is crucial for performance enhancement and
professional growth.

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