Performance Management System at Prism Cement Limited Satna (MP) | Original Article

ABSTRACT:

Performance Appraisal is the important aspect in the organization to evaluate the employee's performance. It helps in understanding the employee work culture, involvement, and satisfaction. It helps the organization in deciding employee's promotion, transfer, incentive and pay increases. A Performance Appraisal is the final stage of the performance, management process (AMP). The entire process of performance management involves round the year association between supervisors and subordinates through stages of planning, coaching and evaluation of the performance at work This research paper highlights the fact that by stressing effective performance management as a key tool of communication and motivation within organizations provides a competitive edge through strategic change and control. Developing external relationship, communicating this idea to employees and evaluating their commitment levels through structured parameters will help in achieving organizational objectives.