performance management systems are important in organizations. However, there are many performance management systems that organizations can use.
- Explain the importance of performance management systems and what organizations must consider when selecting the best performance management system.
- Select three performance management systems and explain the following:
- The benefits of each system
- The drawbacks of each system
- Then, explain what type of organizations would benefit from each of the performance management systems identified. For example, provide details about why performance management system X be best in Organization X.
Requirements:
- Write a 6-7 page paper, or about 2300 words, not including the title and reference pages, which are required.
- Your paper must be properly cited and formatted according to the APA formatting.
- Include a formal references page. This is an individual paper; however, you should reflect on our discussion forums and incorporate ideas from there, as appropriate.
- You must support your analysis with at least five scholarly references, and can include resources from this course.
- For this assignment, a credible source is defined as:
- A scholarly or peer-reviewed journal article.
- A government-based website or publication.
- A trade or industry journal article, publication, or website, including those from trade organizations such as SHRM.org and TD.org.
Answer preview
Performance management systems are also important in encouraging employee recognition and rewarding. This is because performance management systems facilitate organizations to develop reward and recognition systems, and this is achieved when there is a visible and accurate system of performance feedback (Saratun, 2016). An effective performance management system can identify efforts and activities worthy of praise or reward. This plays a critical role in improving employee motivation and retention. Performance management systems are also important is supporting workforce planning in an organization. This is because conducting regular reviews with employees can help the organization assess employees’ current and future workloads to identify their workforce requirements. The performance management systems also provide organizations with a platform for discussing, developing, and designing the departmental and individual goals by facilitating discussion among the managers and the employees. An effective performance management system is also better positioned to defuse conflicts and grievances among team members.
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