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Key
Benefits of an
Effective Performance Management System
Performance management allows you turn data
into profitable
action more effectively and faster. It allows you
create greater value
for all stakeholders and
outperform your competitors.
When a
performance management
system is operated effectively, there are great benefits for both
individuals and organizations. It creates organizational focus and
alignment and a shared
mental model for developing, leading and managing the
business in a way that
coverts strategic objectives into effective and
synergistic
business practices.
According to the Institute of Performance
Management, an
effective performance management system:
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Provides the basis for managing the
business of today and for developing it into the future – through
the performance of people
-
Gives the means for evaluating and improving both
individual and
company performance against pre-defined
business strategies and
objectives
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Develops employee understanding of what needs to be achieved
>>>
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Helps all employees to
→
improve corporate performance
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Helps all employees to be
rewarded on the basis of their contribution
>>>
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Learning SWOT
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