Performance management system is used by the organization to drive behaviors from the employees to get specific outcome. Performance management began around 60 years back.
“Employee performance Management is a process for establishing a shared workforce understanding about what is to be achieved at an organization level. It is about aligning the organizational objective with the employees’ agreed measures, skills, competency requirements, development plans and the delivery of results.”
(What is Employee performance Management? : People stream Human Capital Management, 2013)
Performance Management is the word is use to describe the process set by the organization for the employees to make them aware about the level of performance expectation from them regarding their role and the individual as well as the overall organization objectives.
(Performnace Management: Human Resource Institute of NZ, 2015)
PERFORMANCE MANAGEMENT SYSTEM OF EXTERNAL BUSINESS:
External Business: Apple Inc.
About Apple Inc.: The Apple was established in the year 1967. The founder of the Apple inc. is Steve jobs, Steve Wozniak and Ronald Wayne. Apple has built its unique brand image in electronics field. Apple is an American Corporation which manufactures the computer hardware, Software and other electronics devices for the consumer. The headquarters of the company is located in Cupertino, California. The CEO and co- founder of the Apple Steve Jobs boasts 284 retail locations spanning 10 different countries of the world. (Dougherty, 2010)
Performance Management system:
Performance Management helps the organization planning, measuring, monitoring and enhancing the performance on the different levels i.e. departmental, procedural, workforce, system or financial in order make the organization successful. In current scenario lot of companies in regardless of size, have performance management system sets in place. A good plan of performance management will lead to