Exam (elaborations)
LGL3702 Assignment 1 Semester 2 2024 - DUE 6 September 2024
- Course
- Institution
LGL3702 Assignment 1 Semester 2 2024 - DUE 6 September 2024
[Show more]
Seller
Follow
brighttutor10
Reviews received
Content preview
LGL3702Assignment 1
Semester 2 2024 -
DUE 6 September
2024
QUESTIONS WITH COMPLETE ANSWERS
[DATE]
[COMPANY NAME]
[Company address]
, LGL3702 Assignment 1 Semester 2 2024 - DUE 6 September 2024
Fully analyse the purpose of a performance management system. In your
answer you should describe how a performance management system is
established and developed.
Purpose of a Performance Management System
A performance management system (PMS) is a structured approach used
by organizations to ensure that their employees’ activities and outputs align
with the organization’s goals and objectives. The purpose of a PMS
includes:
1. Aligning Individual and Organizational Goals: Ensures that the
efforts of employees contribute to the overall success of the
organization.
2. Enhancing Employee Performance: Provides a framework for
evaluating and improving individual performance.
3. Developing Employee Skills: Identifies areas for development and
facilitates training and professional growth.
4. Motivating Employees: Recognizes and rewards high performance,
which can enhance motivation and job satisfaction.
5. Facilitating Communication: Encourages regular feedback and
dialogue between employees and managers.
6. Documenting Performance: Provides a record of performance over
time, which can be useful for decisions related to promotions,
compensations, and terminations.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller brighttutor10. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.50. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
57114 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now