Exam (elaborations)
LGL3702 Assignment 1.
- Course
- LGL3702
- Institution
- University Of South Africa
LGL3702 Assignment 1.
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LGL3702 Assignment1 (COMPLETE
ANSWERS) Semester 2
2024 - DUE 6
September 2024 ;
100% TRUSTED
Complete, trusted
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explanations.
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[COMPANY NAME]
, 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
A Performance Management System (PMS) is a strategic approach
designed to improve organizational effectiveness by ensuring that
the performance of employees contributes to the goals and
objectives of the organization. It encompasses various activities
such as goal setting, continuous progress review, communication,
feedback, coaching, performance appraisal, and development. This
analysis will explore the purpose of a PMS, describe the steps to
establish and develop such a system, and explain the benefits it
brings to an organization.
Purpose of a Performance Management System
1. Aligning Individual and Organizational Goals:
o A PMS ensures that individual performance aligns with
the organization's strategic goals. It translates
organizational objectives into specific job duties and
performance standards.
2. Enhancing Employee Performance:
o By setting clear expectations, providing regular feedback,
and identifying areas for improvement, a PMS helps
employees understand what is required to perform well
and fosters an environment of continuous improvement.
3. Facilitating Communication:
o A PMS promotes open communication between
employees and management. Regular reviews and
feedback sessions encourage dialogue about performance,
expectations, and career aspirations.
4. Identifying Training and Development Needs:
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