Paper Details

There are millions of organizations in the world and more are getting registered every single day. Theseorganizations can be public, private, small, big, functional, or committee depending on the founder of the organization.The basic purpose of all these organizations is to earn multiple times than the investment and make their mark in theworld. In order to achieve their purpose, organizations place some selected goals and objectives for themselves and hireemployees who can help them reach and achieve their objectives. These employees work day and night and try to achievesuccess. Organizations very carefully select these employees who are very skillful and experts in their area of expertise.Further, most of the organizations give their employees proper training and development to keep them on track. But, stillthis careful selection and proper training does not guarantee that the employees will perform their responsibilitieseffectively. In order to keep the employees motivated and enthused in the organization goals and objective, theseemployees should be given bonuses and rewards for their hard work. These rewards and bonuses should be specificallygiven on the basis of their performance so that the employees will compete with each other and excel in their skills. Theharder and effective the employees perform, the more successful the organization will become. As there are millions oforganizations present in the world, so they are always in competition with each other. Due to this competition, theorganization demands to have effective performance management systems as they are essential for their employees aswell as for their productivity and objectives.

Aamir Sohail, Wiqar Ullah, Mohammad Adil, Abdul Waheed, Fawad Khan, “PERFORMANCE MANAGEMENT”, International Journal of Advance Engineering and Research Development (IJAERD), Vol. 6, Issue 5, pp. 98-100, May 2019.