Performance Management System Optimization: Enhancing Feedback and Recognition

Abstract

A Performance Management System is an organized approach of incorporating a company's employees as individuals as well as members of a team, with the primary goal of boosting organizational effectiveness while attaining organizational mission and goals. SQ GROUP HRD has a dedicated component called the 'Performance Management Unit' to identify each employee's performance. The Performance Management Team works tirelessly to offer the highest management with a thorough picture of employee performance. It works to expedite the organization's progress. SQ thinks that employees' capacity to perform well is dependent on correct supervision, qualities, abilities, and competences. The Performance Management Team creates a performance evaluation system for employee performance evaluation, which encourages staff members and their managers to enhance their knowledge, abilities, and output. The Performance Management Team ensures ongoing structure improvement by enhancing supervisors' abilities to assess employee performance, revising formats in accordance with realistic PMS requirements, facilitating and improving assessment processes, putting awards and reward decisions into action, implementing appreciation programs, and giving each employee useful feedback on their performance. I truly felt honored to share my knowledge with the Performance Management Unit of SQ GROUP because I worked for such a prestigious company. The history of SQ GROUP is primarily covered in the first section of this internship report. The second half focuses entirely on the specifics of SQ GROUP's Performance Management System. I have primarily concentrated on the SQ GROUP's Performance Management System in this research, including how it is run and how staff performance is gauged. After that, I was able to identify several restrictions and gaps in the treatment of PMS, and I also tried to suggest some potential fixes. Because information about HR and PMS is sensitive and personal, none of the data was made public.