In the normalization process followed in performance management, is the percentage a business strategy, or is there a mathematical process to calculate it? If there is a mathematical process, may I know what it is?
From India, Bangalore
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From India, Bangalore
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Are you looking to implement this in your organization, or is it for a basic understanding of PMS? I would like to provide you with some background information before delving into understanding or framing some PMS processes.
Understanding Performance Management Processes
The performance management processes vary in each industry; even in the current scenario, they differ across different levels of organizations in the same industry. For example, in IT and ITES, the PMS normalization is established as guidelines when designing company policies. These policies may change depending on the organization's growth. As you mentioned, it is a strategy in rewarding employee performance and financial planning for any performance period.
To clarify further, the following criteria can be considered:
- Type of industry
- Which level your organization belongs to
- Size and turnover of the company
- Hierarchical structure, if available, including the number of levels
- And many more
Thanks,
Madhu
From India, Madras
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2Understanding Performance Management Processes
The performance management processes vary in each industry; even in the current scenario, they differ across different levels of organizations in the same industry. For example, in IT and ITES, the PMS normalization is established as guidelines when designing company policies. These policies may change depending on the organization's growth. As you mentioned, it is a strategy in rewarding employee performance and financial planning for any performance period.
To clarify further, the following criteria can be considered:
- Type of industry
- Which level your organization belongs to
- Size and turnover of the company
- Hierarchical structure, if available, including the number of levels
- And many more
Thanks,
Madhu
From India, Madras
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Performance Management System.doc