PERFORMANCE MANAGEMENT
Performance management processes have come to the fore in recent years as
means of providing a more integrated and continuous approach to the
management of performance than was provided by previous isolated and
often inadequate merit rating or performance appraisal schemes.
Performance management is based on the principle of management by
agreement or contract rather than management by command. It emphasizes
the integration of individual and corporate objectives as well as the initiation of self-managed learning development plans. It can play a major role
in providing for an integrated and coherent range of human resource
management processes that are mutually supportive and contribute as a
whole to improving organizational effectiveness.