Performance Management System
Performance management is not a new concept. It has been
since the advent of the Industrial Revolution in the 1760s. Later,
psychologists like Elton Mayo conducted the Hawthorne studies to study the
performance related analytics from a range of participants. Since then, knowing
the performance of employees has been a key component and competency for any
organization. From the designing of Performance
Management Tips till collecting the yearly results, the whole process has
to be made in a streamlined manner in order to be efficient.
Designing a Performance
Management can be hectic. There are so many metrics you have to ensure are
being met. This is not something which we can start easily and a lot of labor
as well as finance is involved in the process. Thus, there are many checklists
one should keep in mind before, during and after such management systems have
been developed. Today, let’s talk about the 10 tips you can use for your Performance Management System.