A STUDY ON IMPACT OF PERFORMANCE MANAGEMENT SYSTEM ON EMPLOYEES’ PERFORMANCE Of HEG Ltd.

Abstract

The goal of the current study is to analyze and look at how a performance management system affects employee’s performance. According to this perspective, employee’s performance and performance system are strongly correlated, and strong and capable employee’s performance has a direct bearing on the operation of the organization. The primary goals of the study are to assess employee performance, enhance manager-staff communication regarding performance management, determine the most effective way for the company to conduct employee performance reviews, and identify ways to improve employee performance. Not every corporation can hire people who are a great fit for a certain position, thus in these situations, the company conducts performance reviews on its employees to help them become competent and effective. This helps the organization grow and develop both directly and indirectly. So, we examine the different variables for this study like planning & development, rewards and motivation which are affected the performance of the employees. Regression and correlation were used to look at the relationship between the variables and how the independent variable affected the dependent variable and to test the hypotheses of the variables by chi square test. We found and concluded that a performance management system significantly affected employees' performance of the organization.