There are no laws as such in any country that compel companies to use a performance management system, but still a maximum number of companies are using them.
The reason is the realisation that this software or solution is beneficial for the company in a number of ways and most importantly, it can help them save a lot of time. This time is mostly invested in performance reviews that are important for the following reasons.
This is where these performance management systems can be immensely helpful in employee performance management and save a good amount of time at the same time. These systems come with a whole plethora of benefits and here in this post, we have mulled upon some of them. Consistency-
Motivation-
Morale And Retention-
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