Effectiveness of Performance Management System in IT Industries – An Empirical Approach

Performance management is an integral part of a comprehensive human resource management strategy. Performance Management is building on that process, adding the relevant communication and action on the progress achieved against these predetermined goals. A good PMS is designed from the “bottom up” that is the organizational context provides the basis for the framework development. Performance Management System (PMS) increase in productivity and quality of service are quite important for achieving the targets. PMS is a combination of various function of HR that focuses on the performance of the employee through increased knowledge, skill and commitment towards the organization. HR department has a major role to play ensuring the effectiveness of the PMS. Striking a fine balance between the interests of the employees and those of the organization. No performance can either be evaluated or managed unless it is measurable. Simply put, performance management helps organizations achieve their strategic goals. The main purpose of Performance Management is to link individual objectives and organizational objectives and bring about the individuals obey important worth for enterprise. This study reveals that brief note on performance management system, content of performance management system, outcomes of performance management system and effectiveness of performance management syste