What Should You Consider When Setting Up a Performance Management System for Your Company?

samiksha.chunkhare
Hi! I want to know the things to be kept in mind while preparing the Performance Management System (PMS) of any company.

Key Considerations for Preparing a PMS

- **Alignment with Organizational Goals:** Ensure that the PMS aligns with the company's strategic objectives and goals.
- **Employee Engagement:** Consider how the system will engage employees and encourage their participation.
- **Fairness and Transparency:** The system should be fair and transparent to all employees, providing clear criteria for evaluation.
- **Feedback Mechanism:** Include a robust feedback mechanism to facilitate continuous improvement.
- **Training and Development:** Incorporate elements that focus on employee growth and development.

Regards
samiksha.chunkhare
I wanted help in preparing a performance management technique for a manufacturing firm.
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