Performance Management: Ensuring Trust and Effectiveness in Organizations

The performance of companies depends mostly on the quality of their human resource. For obvious economic and business reasons, organizations have always been concerned about the growth, competence and retention of its people. Hence employee development and talent management are essential elements of any strategic human capital management program. Thus the focus has shifted from 'numbers' to 'quality' and from 'recruitment' to 'retention'. Many organizational human resource practices play a dominant role in building employee competence and commitment. Out of the plentiful, the performance management system in the organization facilitates the talent management in the organization. This paper discusses the role of the corporate performance management strategies in developing the skills of the employees and satisfying the needs of the organization based on the Performance Management system conducted at IBM India. This paper is aimed at the software engineers working at IBM India.