Build a Performance Management System

A discussion in CiteHR http://www.citehr.com/283151-how-build-performance-mgt-system-new-startup-venture.html

“It is an immutable law in business that words are words, explanations are explanations, promises are promises—but only performance is reality.”- Harold S. Geneen 1910-1997
Talent is the core to every organization . Hence developing them holds the key to better performance. This process of hiring and grooming employees is clubbed under Performance Management System. It may be aligned to business cycles. In order to coordinate and manage, it is processed on an annual basis. The primary process to PMS may remain the same, but the complexity depends on the number of levels of actions required to develop a performance. The logic is directly connected to the organization’s culture. It’s either development based i.e. towards the improvement of the performance or error based including the mistakes made hence would be followed by rebuking. The ideal system includes both with different combinations as required .The mistakes based system can be redefined as opportunity based where every weakness is developed and turned into an opportunity.The steps required to build the Performance Management System are as follows :

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