Research On Performance Management System Optimization And Application Of P Company

Performance management is an important part of human resourcemanagement. It is the guarantee of the enterprise execution and also thekey point to achieve corporate strategic objectives. Enterprises shouldestablish a performance management system based on their need and theactual situation. Nowadays, many domestic enterprises have establishedthe performance management system, but most companies do not fullyunderstand the purpose and role of performance management. The survey toshow that, domestic enterprises meet many problems in the establishmentand implementation of performance management system.In this article, a scientific research and analysis are made on theoptimization and application of company P’s performance management systemwith modern performance management principles and methods. The articlesummarizes the relevant theory and research on performance management athome and abroad. The idea to rebuild the performance management systemfor P company is raised after research on the basic theory and practiceof performance management. The idea is, firstly to analysis the problemexists in performance management system, and then to optimize and toimplement the performance management system, and finally to check theresult of implementation for the performance management system to beoptimized. After that, the problems are analyzed deeply by questionnaire,interview and work observing analysis, and four main problems aresummarized out.1) Company P does not establish a complete and scientificsystem of performance management, while many employees do not know howto implement performance appraisal.2) The content and objectives of thecompany’s performance appraisal are not clear, and have no close link withbusiness strategy. The staff does not think the performance appraisal improves the work greatly.3) The performance appraisal is not fullyconnected with compensation incentives and rewards and penalties inactual application, which leads the staff think the results of thatassessment is unfair.4) The necessary guidance and feedback are in lackin the implementation of performance appraisal. There is no fullyagreement on performance appraisal between employees and managers,resulting in obstacles in the implementation. All these key problemsprovide a important basis for the improvement of performance managementsystem. This article makes a deep research and discussion on company P’sperformance management system by using the implementation five majoraspects theory (performance plan, performance evaluation, performancecoaching, performance feedback, performance improvement) on the basisof above problems. The article helps P company establishing a PDCA cycletheory conformed performance management system from performance planningto performance improvement. It makes the appraisal goal more clear byintroducing key performance indicators, balanced scorecard and otherrelated theories during implementing process. Finally, the article makea preliminary analysis for result of P company performance managementimplementation to be optimized. The improvement direction of performancemanagement in the future which create a performance and communicationculture is raised.