Impact of Performance Management in Organization

Impact of Performance Management in Organization

REHAN AKRAM

21GSOB2010453

MBA SOB GALGOTIAS UNIVERSITY

DR. CHANDRANI GANGULY

PROFESSOR

SOB GALGOTIAS UNIVERSITY

ABSTRACT
Performance management is a critical process in organizations that aims to enhance employee productivity, improve the quality of products or services, and ultimately increase profitability. This research paper explores the impact of performance management in organizations, analyzing its various components, such as goal-setting, performance appraisal, and feedback, and the factors that influence its effectiveness. The study used a mixed-methods approach, including both quantitative and qualitative data collection methods. The results of the study indicate that performance management has a significant impact on organizational performance, with the majority of the respondents agreeing that performance management helped them to understand their job expectations improve their job performance, and achieve their career goals. The study also highlights the importance of aligning performance management with organizational objectives, promoting transparency and communication, and investing in employee development to achieve a competitive edge. Organizations that invest in performance management are likely to experience enhanced employee motivation and engagement, leading to improved organizational performance.