Developing and implementing advanced performance management systems for enhanced organizational productivity
1 Independent Researcher, Bonny Island, Nigeria.
2 Independent Researcher, Houston, TX, USA.
3 Independent Researcher, Nigeria.
Review
World Journal of Advanced Science and Technology, 2022, 02(01), 039–046.
Article DOI: 10.53346/wjast.2022.2.1.0037
Publication history:
Received on 26 June 2022; revised on 24 August 2022; accepted on 27 August 2022
Abstract:
This paper explores the development and implementation of advanced performance management systems (PMS) to enhance organizational productivity in an increasingly dynamic and competitive business environment. By focusing on frameworks for goal alignment, the integration of technology and data analytics, and adaptive feedback mechanisms, advanced PMS address the limitations of traditional systems. The paper emphasizes strategies for effective implementation, including organizational readiness, training initiatives, and leadership-driven adoption, which are critical for fostering a culture of continuous improvement. The measurable impacts of these systems, such as enhanced employee performance, improved retention rates, and operational efficiency, are highlighted through theoretical insights and practical examples. Recommendations for organizations to adopt and customize advanced PMS underscore the importance of aligning the systems with specific needs, leveraging technology, and fostering employee engagement. This comprehensive exploration provides a roadmap for organizations seeking to transform their performance management practices and achieve sustainable productivity gains.
Keywords:
Performance Management Systems; Organizational Productivity; Data Analytics; Adaptive Feedback Mechanisms; Goal Alignment
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Copyright © 2022 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0