By and large, with a good performance management system, you can be well assured to have a system that will be as good to your needs to ensure that you have one that will foster a sense of accountability and have this as an organizational culture going forward with your efforts towards accountability. The performance management systems helps you bring into line everyone in your organization with the strategic goals and as well help focus their attention and efforts towards what things they are that need to be done and as well within the right timelines. These systems as well are so helpful for management. This is looking at the fact that with them, the management will be able to stay on track and not mislead the team in things that may not be as important in so far as performance and deliverables go.
Generally, it can be said that the performance management systems come of various kinds and as such you need to know of the fact that there are some standards that set apart one as a good performance management system. First, a good performance management system should be one that communicates the ways that the individuals within the team will be contributing to the success of the business and as well how they will be evaluated. The other key aspect of a good performance management system is the fact that it is supposed to have integrated the individual goals with the key business objectives and priorities so as to ensure that there is resulted greater focus, better use of the available resources and as well the use of time on the kinds of activities that add as much value and not wasted on the less meaningful activities and undertakings. One other key aspect of a good performance management system is in the fact that it should provide such a comprehensive system for recognizing what gets done and reinforcing how this is to be achieved. Besides these, a good performance management system should as well create a sense of accountability and the discipline of gauging the progress that may have been made in realizing the specific goals and where necessary make adjustments with the guide of the performance management system in place.
Looking at the practice of performance management as it is in a number of organizations, this is often a once in a lifetime exercise that is often all about performance reviews making them such routine exercises that are dreaded by all parties concerned, employees and employers as well. Given this, for you to get the desired results, you need to consider making your performance management an ongoing process and activity like we have in such plans with OKRs, and not just a once-in-a-year event or exercise.