Performance Management – an Operative Instrument for Effective Decision Making

In the global scenario, the focus of the organizations is revolving around performance management world-wide. Employees’ performance management is the best way for any organization to ensure continued best performance of its employees thereby achieving their goals effectively. It is to be considered as an important role of HR manager that motivating employees to improve positive impact on organizational as well as individual performance. It can be integrated with talent management for compensation, succession planning and learning solution. Hence emphasis should be made to the key attributes of performance management such as Succession planning, Reward Management, Career management, Training & Development, Discipline & grievances and Counselling. After identifying the attributes, the measurement about performances will be made to help the management in administrative, informational and developmental decision making. This paper focuses on effective decision-making process through performance management as succession planning and reward management in administrative decisions, career management and training &development in informational decisions, Discipline & Grievances and Counselling in developmental decisions. These inputs will provide evidence-based decision making to improve the business as a whole.