I retired from Larsen & Toubro after 33 years as Head of HR. Since 2011, I have been practicing as a consultant and trainer.
Performance Management System (PMS)
PMS is not a simple exercise but a philosophy for improving the performance of individual employees and also the organization's growth and profit. The format depends on the parameters that you define for the employees to enhance their contribution year after year. Any parameter you decide upon should contribute to one of the performance factors.
Key Result Area (KRA)
From security to the pantry, everyone must contribute in terms of revenue generation, reducing customer complaints, saving costs for the company, avoiding redoing work, training and development, and building knowledge and skills.
Best wishes