The Research And Redesign Of M Company's Performance Management System

In this era of globalization prevailing, enterprises can hardly ever gain any advantages because of their hardware or facilities; therefore they have to put their hope on management. It is undeniable that management is science or art about managing people, which means the management of performance of employees is vital to the management and the prosperity of the company. As a result, an efficient performance management system is considered pivotal in a company. Currently, the performance management still stays at the stage of performance appraisal; although there is a HR department, it only targets at the measuring the performance of employees, especially those in the sales and marketing departments. Other departments are also measured by their contribution to the sales. as a result of the lack of a sophisticated system of performance management, the criteria in the performance appraisal are very biased,which causes the whole staff money-oriented, demolishes the team spirit, leads to bad working attitude and low working efficiency, decreases the sales, customers' satisfaction and profits, and finally results in the reduction of staff's performance salary. The decrease of the salary engenders the low enthusiasm among employees and put the company's performance in a vicious circle.In this paper, the background of M company and the current situation of its HR management are presented in detail and a detailed analysis and diagnosis of its performance management are also included, both of which are essential for the following improvement proposals. The following part of the paper focuses on the process how to redesign the new performance management system. This part of the essay focuses on two parts: the redesign of the target system and the redesign of the process system. At last, a description of how the new system is carried out in M company is introduced. The content in this chapter, according to the previous two chapters, mainly includes what should be adopted in the carrying-out process to accommodate the new system.