Performance Management System with Respect to Retail Industry

14 Pages Posted: 15 Mar 2014

See all articles by Y.Chitra Rekha

Y.Chitra Rekha

Audisankara College of Engineering & Technology

Date Written: March 13, 2014

Abstract

Human Resource Management is one of the vital and versatile functions in the management because it deals with human resource. Performance management (PM) is the process of managing the execution of an organization’s strategy. It is how plans are translated into results. Think of PM as an umbrella concept that integrates familiar business improvement methodologies with technology. Retail Industry is one of the fast growing industry after globalization and providing plenty of opportunities for both fresh and experience candidates. Simply put, a performance management system is the process of using information to achieve superior corporate performance. For retailers it means having the information to monitor corporate and store performance, quickly take action, and improve operational efficiency. This paper mainly deals with performance management system with respect to retail industry.

Keywords: Human Resource Management, Performance Management, Retail Industry

JEL Classification: M50,M51

Suggested Citation

Rekha, Y.Chitra, Performance Management System with Respect to Retail Industry (March 13, 2014). Available at SSRN: https://ssrn.com/abstract=2408421 or http://dx.doi.org/10.2139/ssrn.2408421

Y.Chitra Rekha (Contact Author)

Audisankara College of Engineering & Technology ( email )

Andhra Pradesh
India

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