Review:
Performance Management System
overall review score: 4.3
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score is between 0 and 5
A performance management system is a process by which organizations evaluate and manage the performance of their employees. It typically involves setting goals, providing feedback, and measuring progress towards those goals.
Key Features
- Goal setting
- Continuous feedback
- Performance appraisal
- Training and development
- Rewards and recognition
Pros
- Helps align individual goals with organizational goals
- Encourages regular communication between managers and employees
- Provides a basis for identifying areas for improvement and development
- Can lead to increased employee engagement and motivation
Cons
- Can be time-consuming for managers and employees
- May not always accurately reflect an employee's performance
- Potential for bias in evaluation process