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True. Today most performance management goals are aligned to a balance score card approach.
By which the top (CEO) to the bottom most level has goals aligned to each other at different levels in terms of their job roles.
From this perspective Yes its linked with the corporate plans.
true
Yes well Performance management is a process of harnessing all available resources (human and material) within an organisation and ensuring that these perform to the maximum, in order to achieve the desired results. Performance management involves building processes, systems, culture and relationships that facilitate the achievement of organisational objectives.
The one mistake we often make is to equate performance management to the management of employees. However, it should be focused on more than that.Performance Management should also focus on:
The organization as a whole and its strategic direction (Business Strategy, Business Plan, Marketing Strategy etc)
It is true.
Performance Management is the strategic concern of the organization and hence it has linked with corporate plan.
Performance management is a whole work system that begins when a job is defined as needed. It ends when an employee leaves your organization. But in reality it never ends. The fundamental goal of performance management is to promote and improve employee effectiveness. this is very much required for the success of the firm.
I agree; it is true.
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