Effective Performance Management System
HR’s role in organizations has changed dramatically over the last decade, and in this newly evolved role, HR develops strategy to help drive organizational performance – at both an executive level and at a very pragmatic level. Through performance management systems implementation, organizations have been able to achieve tremendous success, even in challenging economic times and globally competitive environments. Knowing and understanding these systems is pivotal to an HR practitioner’s effectiveness in helping organizations achieve their strategic goals and ultimate success.To complete this Assignment, review the Learning Resources for this week, and other resources you have found in the Walden Library or online, and respond to the following bullets in a 2- to 3-page paper:
Define different types of performance management systems and discuss how they differ.
Identify 3 key elements of an effective performance management system.
Explain how the 3 elements you identified interact with one another. Then, discuss how their interaction supports the effectiveness of a performance management system.
Your Assignment must include 3 references to support your thinking.
Note: Use the provided template for this Assignment.