PERFORMANCE MANAGEMENT SYSTEM
Performance Management System : A Strategic Tool for Competitive Advantage -- Manishankar Chakraborty
Performance Management System (PMS) is the key to the success of any organization. Modern-day organizations may have embraced technology with aplomb; however, there is no substitute for the human element. Moreover, the emergence of new generation sectors has given a higher standing for the human factor within an organization. Human resource managers across the globe are finding it very difficult to attract and retain talent. In such a scenario, the need for a proper PMS has become all the more important. Companies from knowledge sectors have devised novel PMSs which are considered benchmarks by organizations across sectors. The need for an inside-out and outside approach is the key to the framing of PMS-related strategies as PMS is now a part of a strategic tool. The human element within an organization has enabled the company to lead the race in the corporate sprint, primarily because the emergence of the services-based business model has made the internal customers (read as employees) an indispensable lot.
© 2008 The Icfai University Press. All Rights Reserved
SOURCE-http://www.iupindia.org/108/hrm.asp?mag=http://www.iupindia.org/108/hrm_sub.asp
No comments:
Post a Comment