Performance management systems help employees and managers work better by aligning employee goals with company strategy, setting expectations and facilitating timely feedback. One key purpose of this is talent management. It is vital to create development plans with employees. A performance management system consists of the processes which are needed to identify, encourage, measure, evaluate, improve, and reward employee performance at work. Employees' job performance is an important issue for all employers. The importance of this system is to: boost employee morale and in turn, productivity and performance; help in identifying the right employees for promotion; improves workforce planning, including managing workloads and delegation; boosts employee retention/reduces employee turnover.

Abhijith S

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