Critical Analysis of Problems and Solutions in Implementing an Effective and Fair Performance Management System
Journal Title: Journal of Economics, Finance and Management Studies - Year 2025, Vol 8, Issue 03
Abstract
In the era of globalization, companies are faced with complex challenges that affect their operational efficiency and performance. Competitiveness and innovation are the keys to a company' s sustainability in the market. One solution to improve performance is to implement a Performance Management System, which functions to track, assess, and improve individual and organizational performance. However, the implementation of a Performance Management System is often hampered by the problem of unfairness in performance measurement and assessment, where the methods used are inaccurate and tend to ignore important factors such as product quality and customer satisfaction. In addition, employee resistance is also a challenge in the implementation of a Performance Management System. Therefore, a critical analysis is needed to find a fair and efficient approach to resolving these issues. The implementation of an effective Performance Management System can contribute significantly to improving a company’s operations, making it more competitive in the global market. With the implementation of a fair system, employee motivation increases because their achievements are rewarded proportionally, which in turn increases productivity and work quality. This study aims to identify effective solutions to overcome the problems of implementing a Performance Management System so that the company can achieve its strategic goals and improve overall operational performance.
Authors and Affiliations
Padmapraba Tanibnu , I Gede Adiputra,
Keywords
Related Articles
- EP ID EP761364
- DOI 10.47191/jefms/v8-i3-25
- Views 28
- Downloads 0
Analysis of The Role Of Bumdes In Fund Management Corporate Social Responsibility In Improvement Village Community Welfare (Bumdes Study In Java West)
This research focuses on the role of village-owned enterprises (BUMDes) in supporting village economic independence. The research method uses a qualitative approach with a type of library research. Source of data comes f...
"Institutional Quality and Export Intensity of Nigerian SMEs: An Institutional-Based View using Logistic Regression Analysis"
In many developing nations, weak institutional quality presents significant hurdles for SMEs, hindering their ability to thrive in international markets due to issues like corruption, Bureaucratic red-tapeism, and unpred...
The Moderating Effect of Perceived Organisational Support on Learning Organisation and Company Reputation of Small and Medium Scale Enterprisesin Nigeria
This work empirically established the moderating effect of perceived organisational support on learning organisation and company reputation in Nigeria’s SMEs. This study employed a quantitative research design with an ad...
Economic Status and Public Response: A Comprehensive Analysis of Satisfaction and Trust in Government
This study investigates the impact of public service quality on civilian satisfaction and public trust in local governments in Indonesia, with a focus on Bangka Belitung. The research introduces a novel approach by analy...
The Extent to Which the Market Value of Commercial Banks Is Affected By Funding Sources (An Applied Study of Commercial Banks Listed In the Iraq Stock Exchange)
The research aims to identify the importance of measuring the market value of banks and indicating the extent of its decline or fluctuation, as well as measuring financing requirements, which is one of the methods for me...