Comparative study of PMS implementation challenges in innovative organizations

Abstract

In Lieu with competing individuals across organizations and sectors working in most challenging of business environments with an array of intelligent quotients and sky rocketing ambitions makes organizations rethink their performance management policies in tune with workforce requirements. It therefore becomes imperative for business units to accommodate human resource requirements into performance management systems and programmes to enhance workforce loyalty quotients. This paper focuses on the implementation challenges of performance management systems across Banking, Retail and Healthcare sectors. Primarily six implementation challenges were identified across these sectors and their mean ratings are derived using descriptive statistics and significance levels are studied for analyzing critical challenges dimensions.