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LGL3702 Assignment 1 Semester 2 2024 - DUE 6 September 2024
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QUESTIONS AND ANSWERS LGL3702 Assignment 1 Semester 2 2024 - DUE 6 September 2024
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[Date]LGL3702 Assignment 1
Semester 2 2024 - DUE
6 September 2024
QUESTIONS WITH COMPLETE ANSWERS
, 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.
A performance management system (PMS) is an essential framework within an
organization designed to improve employee performance, enhance productivity,
and align individual goals with the strategic objectives of the company. Here is a
comprehensive analysis of the purpose of a PMS and the steps to establish and
develop it:
Purpose of a Performance Management System
1. Alignment of Goals: A PMS ensures that individual and team objectives are
aligned with the organization's strategic goals. This alignment helps
employees understand how their work contributes to the overall success of
the organization.
2. Performance Measurement: It provides a systematic approach to measure
and evaluate employee performance. Regular assessments help identify high
performers and areas where employees need improvement.
3. Employee Development: By identifying strengths and areas for
improvement, a PMS facilitates personalized development plans, including
training and career development opportunities, enhancing employees' skills
and competencies.
4. Motivation and Engagement: Clear performance expectations and regular
feedback increase employee motivation and engagement. Recognizing and
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