Performance Management System of Wal-Mart

Performance Management System of Wal-Mart

Introduction

Performance management system is referred as the systematic and appropriate procedure for enhancing the performance of the organization by improving the performance of the teams and individuals. It is considered as the better way of getting better and improved results regarding the development and progress of an organization. The most important elements of the performance management system may include employee objective setting or goal setting; ongoing communication of the performance, coaching, performance diagnosis, performance appraisal meetings, documentation and observation and data gathering. The proceeding discussion demonstrates the performance management system of Wal-Mart. The proceeding discussion also reflects the idea that how the performance management system has enhanced and improved the performance of Wal-Mart (Garber, 2008).

Discussion

Brief Over-View of Wal-Mart

Wal-Mart is considered as of the greatest multinational retail organization which incorporates large number of warehouse stores and discount department stores. Wal-Mart is the world's biggest public corporation, having around two million workers. The organization is one of the well organized and the most productive and successful organizations. It is because of the reason that, the organization has implemented the performance management system for its employees. The performance management system of Wal-Mart is discussed in the proceeding discussion (Sahu, 2009). Performance Management System of Wal-Mart

Performance management system of Wal-Mart is one of the most effective and the most appropriate strategies of the organization, which played an effective role in the progress and development of an organization. The performance management system of Wal-Mart allows the managers of the organization to assure that the employee's performances and their outputs are similar with the Wal-Mart's objectives (Kloot & Martin, 2000).

Effectiveness of the Performance Management System of Wal-Mart

The performance management system of Wal-Mart played an effective role in enhancing and improving the productivity and services of the organization. The performance ...