In A Nutshell

Activity 1.
1. Designing and implementing a good performance management system will help
employees improve leading to the success of the organization since the performance of
its employees are linked to the goals and strategies of an organization.
2. Performance management seeks to optimize a workforce by cultivating talent,
enhancing performance and productivity, and driving continued learning.
3. Performance management is strategic in the sense that it is constantly measuring an
employee’s performance and formulating new strategies for the employee’s
development. 
4. Performance management is future oriented keeping in mind the strategies required
for maintaining the employee performance for the next year. Performance management
finds ways to improve employee performance. 
5. Performance management is flexible in terms of keeping in mind the growth of the
organization. Compensation and salary revisions are a part of PMS, but performance
management comes up with developmental plans for more improvement
6. Performance appraisal systems provide a means of systematically evaluating
employees across various performance dimensions to ensure that organizations are
getting what they pay for. 
7. It also provide valuable feedback to employees and managers, and they assist in
identifying promotable people as well as problems.
8. Performance appraisal is very retrospective in the sense that it looks back on past
events and situations. It looks at an employee’s performance over a period.
Performance appraisal is very past oriented. 
9. Performance appraisal is usually rigid because it is only confined to an employee’s
past performance. It has little to do with his growth.
10. Reward systems represent a powerful motivational force in organizations, but this is
true only when the system is fair and tied to performance.