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Companies who understand the need and advantages of implementing a performance management system also know that performance management means much more than putting standard tools and processes in place – it means more than simply measuring data.
The Goldman Sachs Group, an American multinational banking firm that engages in global investment banking, investment management, securities, and other financial services, primarily with institutional clients, will soon be revamping its performance appraisal system.
Performance appraisal is a process applied by organisations in order to evaluate and review performance at team or individual level. This type of review is generally scheduled to be performed once a year within the organisation and it is usually carried out by the employee’s direct managers. Its purpose is to identify employee training and development needs, and ultimately improve individual performance.
The final day of the Balanced Scorecard Saudi Arabia 2011 continued on the same note as the previous day, with presentations of best practice Balanced Scorecard implementation and utilization.
Day 3 and 4 of the Balanced Scorecard Saudi Arabia 2011 where dedicated to Balanced Scorecard case studies presentations delivered by top representatives of KSA, GCC and international organizations.
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