Manage Performance Management Systems Case Study of Precision Technology

1. What is the primary goal Performance Management System (PMS)?

The primary goal PMS is to develop a system that drives the performance of the company to achieve its objectives and strategies throughout identification, evaluation and development of the job performance. The aim of a PMS is to help the company reach its full potential for the benefit of both the employee and the organisation. Having a clear understanding of job expectations, responsibilities, required competencies, regular feedback and the expected behaviours does this.
The primary goal of the PMS is to get all the different departments to understand what each role is in the organisation and how each role compliments the other, with the current working conditions there is lack of communication and therefore lack of understanding where, what and whom should be doing.
The company currently has a family oriented culture and it appears they have an open communication with the different departments due to the regular meeting that end with a lengthy lunch but the real issues are not being discussed. In order for the company to be competitive with the cheaper Asian market the profit margin to increase and the management issues needed to be addressed and concerned aired in an open forum of frank and honest discussion backed by evidence and financial facts of the company.
The goals set under a PMS should be specific, measurable, achievable, realistic and timely. These factors are important because it is vital that employees know what, when and how they have to achieve. An agreement between the company and the employee will need to be sort in order for this process to work.
A remuneration and rewards process should be integrated into the performance management system to keep motivation and employee satisfaction high. It