CHANGE IN LANDSCAPE OF PERFORMANCE MANAGEMENT SYSTEM

This research paper’s objective is to evaluate the effects of performance management on worker and organisational performance, as well as how these effects vary depending on the system of performance evaluation. success management has emerged as a crucial tool in contemporary organisations for enhancing employee success and achieving organisational goals. The paper examines the literature on performance management and its impact on employee and organization performance. The study concludes that effective performance management can lead to improved employee performance and overall organizational performance. However, ineffective performance management can have negative consequences such as demotivation, decreased job satisfaction, and decreased employee performance. However, in recent years, there has been a paradigm shift in how organizations approach performance management. This shift has come in response to the criticism that traditional performance management systems are bureaucratic, time-consuming, and ineffective. This research paper aims to provide a comprehensive analysis of the shift in performance management systems, including the reasons behind the shift, the new approaches being adopted, and the challenges and benefits of these approaches. The landscape of performance management has undergone significant changes in recent years. Traditionally, performance management involved an annual or bi-annual review process, where managers would assess employees’ performance against predetermined goals and objectives. However, this approach has been criticized for being too infrequent, formal, and focused on past performance rather than future potential.