Performance management
helps organizations achieve their tactical goals. The
organizational performance (Organizational KRA) is
measured in four different standpoints –
– Financial standpoint
– Customer standpoint
– Learning and development stand point
– Process standpoint
These broad level organizational objectives are
assigned to individuals as their objectives
(Individual KRAs).
Benefit to the customer
Introducing performance management system helps
companies to grow strategically concentrating on all
the important aspects of growth. This system also
helps to align the individual’s goals with the
organizational objectives. Performance management is
structuring the performance measurement process and
understanding how an individual is positioned in the
process of achieving his KRAs.
"Our
association with KVP has been fruitful. KVP has taken the
initiative to learn about us and make the right
recommendations. MicroLOGIX and KVP share similar values
and we believe that this strategic partnership has
strengthened our approach to our verticals and we have
also been able to streamline our internal structure to our
vision."
