Performance Management System Effectiveness: A Comparitive Study of Public & Private Sector
Abstract
Performance Management System (PMS) is a process by which organizations ensure the alignment of their resources, systems and employees to their strategic goals and objectives. It also enables the organisations in allocation of resources as per the priority and needs which seek immediate attention. It is a set of activities which help the organisations to focus on the performance of a department, employee, processes etc., which result in building of a product, service, as well as many other areas of the enterprise. Performance Management is at the centre of employee management & development in most of the private sector organisations, as these organisations operate in an environment which is highly competitive and ever changing. It is needless to say that PMS in this kind of an environment is the only tool which aligns the individual goals with that of the organisations’ and helps the organisations to sustain and grow. But the public sector organisations on the other hand are not able to implement PMS effectively and draw benefit out of it, due to their rigid and inorganic organisation systems. With this backdrop researchers in this article aim to compare the PMS existing in public & private sector organisations.
Keywords: Performance Management System, Employee Satisfaction, Public Sector, Private Sector.
Performance Management System (PMS) is a process by which organizations ensure the alignment of their resources, systems and employees to their strategic goals and objectives. It also enables the organisations in allocation of resources as per the priority and needs which seek immediate attention. It is a set of activities which help the organisations to focus on the performance of a department, employee, processes etc., which result in building of a product, service, as well as many other areas of the enterprise. Performance Management is at the centre of employee management & development in most of the private sector organisations, as these organisations operate in an environment which is highly competitive and ever changing. It is needless to say that PMS in this kind of an environment is the only tool which aligns the individual goals with that of the organisations’ and helps the organisations to sustain and grow. But the public sector organisations on the other hand are not able to implement PMS effectively and draw benefit out of it, due to their rigid and inorganic organisation systems. With this backdrop researchers in this article aim to compare the PMS existing in public & private sector organisations.
Keywords: Performance Management System, Employee Satisfaction, Public Sector, Private Sector.
