What are the organisational benefits of performance review Essay

What are the organisational benefits of performance review - Essay ExampleWhile these individuals may differ on how and when performance reviews should be conducted they are all united on the point that such reviews and the review forge itself is an essential part of employee growth which in turn leads to the growth of the company. Jack Welch served as the CEO of oecumenic Electric for more than two decades and links performance reviews to the everyplaceall mission of the company.Welch (2005, Pg. 16) says that Every decision or initiative was linked to the mission. We publicly rewarded people who drove the mission and let go of people who couldnt deal with it for whatever reason. GEs own mission, when Welch was running the company, was to be the most competitive company in the world which fits with the two pronged approach of rewarding and doing the utmost to keep the best gift within the company and letting go of those who do not perform to a certain level. such(prenominal) tac tics could only be employed when effective performance review processes are in do and GEs system for performance reviews has been lauded by critics and copied verbatim by the competition simply because it is peerless of the best.The current issues faced by our organisation are mostly concerned with the human resource care of the company. Before an outline of these issues as well as a discussion of the problems is made, it must be celebrated that none of these issues are large enough to cripple the company but they do make the circumspection process more difficult. Additionally, all these issues come with simple solutions and if those solutions are applied with careful consideration at that place should be no reason why the company can not gain competitive advantages over time.The central issue for the company comes from the fact that many of our senior managers and other personnel have minute or no formal training in management which leads to a lack of