Role of Performance Management Practices to Accelerate Employee Performance
Keywords:
Competitive advantage, Constituents, Comparative Results, Performance Management SystemAbstract
Purpose: Employees are the central theme of many research studies in today’s era. Since the competitive and rapidly changing business landscape compels organizations to make focus on employees’ performance aiming to grow ahead and succeed. The purpose of current study is to concentrate on the performance management practices which have potential to stimulate the job performance of employees.
Methodology/ Sample: This study follows a quantitative method with deductive approach while utilizing survey strategy. A well-structured questionnaire has been completed by 300 x respondents selected from distinct pharmaceutical companies running their businesses in Karachi, Pakistan. All managers serving in pharmaceutical industry in Karachi are the population of this research study. However, owing to various constraints like time and cost etc. only selected respondents have been made part of the study using convenience sampling methodology. Data have been integrated and analyzed using SPSS software package.
Findings: The study findings suggest that performance of employees can best be managed if performance management practices are undertaken in true letter and spirit. However, planning the performance and supporting the performance are crucial constituents to improve the performance of employees. But these parts of PMS have been given least attention in pharmaceutical industry of Karachi. In contrast, other three constituents of PMS are effectively contributing to promote employee performance.
Novelty & Practical Implications: The research study develops a novel understanding pertaining to distinct relationships of performance management practices and contributed to literature with novel empirical knowledge. The study may also help the managers of pharmaceutical industry of Pakistan in accelerating the job performance of their employees under the theme of current research findings.
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