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performance appraisal PA and Performance Management PM are critical in steering a companys Workforce towards success Kad they are often used interchangeably but they serve distinct functions PA is a systematic evaluation of an employees performance typically on an annual basis pm on the other hand is an ongoing process that focuses on aligning individual objectives with the companys strategic goals DM contributes docHubly to an organization by fostering a culture of continuous Improvement it ensures that employees efforts are aligned with business objectives leading to enhanced productivity and Better Business outcomes a poorly implemented PM system can lead to demotivation decreased Employee Engagement and a lack of clarity around job roles and expectations its crucial for organizations to carefully design and execute their PM strategies the purpose of PM Systems is multifaceted they aim to clarify job expectations provide a basis for performance Improvement and facilitate com
