Contemporary performance management practice in global context
Contemporary performance management practice in global context Festing & Barzantny, (2008) described that the Performance Management (PM) is a spiral process in which performance will be improved and evaluated continuously. And also it based on clearly defined criteria which aligned to the business strategy of the organization. The overall objective of a PM system is to improve the performance of an organization or a business unit. PM is an unbroken process of improving performance. And also it is a process of setting goals that are aligned to the strategic goals of the organization, planning performance to achieve the goals, reviewing progress, and developing the knowledge, skills and abilities of people (Armstrong, 2016) According to the research made by Bedford & Malmi (2009), throughout 400 of industries in Australia such as Agriculture, mining, construction, manufacturing, transport, wholesale, finance, insurance, real estate and services, suggest that