A STUDY OF EMPLOYEE PERCEPTION ON PERFORMANCE MANAGEMENT SYSTEM (A CASE STUDY ON MYINT AND ASSOCIATES CO., LTD.)

Effective Performance Management System can help to deliver the sustained success to organizations by improving the performance of the people who work in them by developing the capabilities of teams and individual contributors through a combination process of strategic and integrated approach. This thesis is intended to study the importance of employee performance management by identifying the effects of employees’ performance management and to analyze the employees’ perception on performance management system in one of the well-organized private service company in Oil and Gas Service Sector of Myint and Associate Company Limited (M&AS). The descriptive method with quantitative approach and primary data was collected by semi structured questionnaires and secondary reference data of M&AS. The study findings revealed that the well-organized performance management system has significant influence on its employee performance to be efficient and effective and in achieving individual’s goals and organization’s goals effectively and efficiently. The result of this study provide important highlight that strategic and well organized Performance Management System serve as an essential tool in achieving organization’s sustainable goals in win win situation