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Performance management is necessary for evaluating employee contributions from "summary" of Fundamentals of Management (For B.Com, BBA, BBM and BMS) by J.P. Pathak
Performance management is a critical process in evaluating the contributions of employees within an organization. It involves setting clear expectations, providing feedback, and assessing performance against predetermined goals and objectives. Through performance management, managers can identify both strengths and areas for improvement in employees' performance. By evaluating employee contributions through performance management, organizations can ensure that employees are aligned with the overall goals and objectives of the organization. This process helps in identifying high-performing employees who can be recognized and rewarded for their contributions, while also addressing performance issues in a timely manner. Performance management also plays a crucial role in enhancing employee motivation and engagement. When employees receive regular feedback on their performance, they are more likely to feel valued and appreciated for their work. This, in turn, can lead to increased productivity and job satisfaction among employees. Additionally, performance management provides a basis for decision-making related to promotions, transfers, and training and development opportunities. By assessing employee contributions objectively, organizations can make informed decisions about how to best utilize their talent pool and invest in the professional growth of their employees.- Performance management is a necessary tool for evaluating employee contributions as it helps in aligning individual goals with organizational objectives, enhancing employee motivation and engagement, and facilitating decision-making related to talent management within an organization.
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