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LGL3702 Assignment 1 Due 6 September 2024 (Detail Solution) R52,41
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LGL3702 Assignment 1 Due 6 September 2024 (Detail Solution)
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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

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  • August 28, 2024
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  • lgl3702 assignment 1 due 6 september 2024

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LGL3702


Assignment 1


Semester 2


DUE 6 September 2024

, Comprehensive Analysis of Performance Management Systems
Purpose of a Performance Management System
A performance management system (PMS) is a structured process used by
organizations to evaluate and enhance the performance of their employees. The
primary purpose of a PMS is to align individual performance with the overall strategic
goals of the organization, ensuring that every employee contributes to achieving
business objectives. Key objectives of a PMS include:


Aligning Employee Performance with Organizational Goals: A PMS helps ensure that
employees' activities and outputs are in line with the organization 's mission, vision,
and strategic objectives. By setting clear expectations and measurable goals, a PMS
fosters a sense of direction and purpose among employees.


Enhancing Employee Performance: It provides a systematic approach for managers
to communicate expectations, monitor performance, provide feedback, and coach
employees for improved results. This continuous feedback loop enables employees
to understand their strengths and areas for improvement, thereby enhancing their
overall performance.


Facilitating Employee Development: A PMS is crucial for identifying skill gaps and
training needs. It assists in the creation of personalized development plans that are
geared towards enhancing employees' skills and competencies, which in turn
supports their career growth and readiness for future roles within the organization.


Promoting Accountability: By setting clear performance standards and regularly
reviewing performance against these standards, a PMS promotes accountability.
Employees are held responsible for their performance, which fosters a culture of
ownership and commitment.


Rewarding Performance: A PMS aids in recognizing and rewarding employees who
meet or exceed performance expectations. This could include promotions, bonuses,
or other forms of recognition, which serve as motivators for continued high
performance.

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