Employee performance motivation and performance management system-exploring the pertinence

This study is based on research data of 416 working professionals from telecommunication companies in India. We propose a new three step model indicating the interrelationships of the two components of the performance management system viz. Design and Execution identified as latent classes responsible for the employee motivation to perform because of performance management system.
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Employee performance motivation and performance management system-exploring the pertinence International Journal of Management (IJM) Volume 11, Issue 3, March 2020, pp. 8–15, Article ID: IJM_11_03_002 Available online at http://www.iaeme.com/ijm/issues.asp?JType=IJM&VType=11&IType=3 Journal Impact Factor (2020): 10.1471 (Calculated by GISI) www.jifactor.com ISSN Print: 0976-6502 and ISSN Online: 0976-6510 © IAEME Publication Scopus Indexed EMPLOYEE PERFORMANCE MOTIVATION AND PERFORMANCE MANAGEMENT SYSTEM-EXPLORING THE PERTINENCE Prof. Anant Deogaonkar* Assistant Professor, Shri Ramdeobaba College of Engineering & Management, PhD Scholar, Parul University, Vadodara, India Dr. Bijal Zaveri Dean, Faculty of Management Studies, Parul University, Vadodara, India Dr. Chandan Vichoray Head, Department of Management Technology, Shri Ramdeobaba College of Engineering and Management, India *Corresponding Author Email: Deogaonkara1@rknec.edu ABSTRACT People are intellectual assets and the success of any organization depends largely on how the people are valued. Performance management system is the very manifestation of the effective intellectual asset management in the organization .The purpose of this article is to understand the performance management system and its relationship with employee performance motivation. This study is based on research data of 416 working professionals from telecommunication companies in India. We propose a new three step model indicating the interrelationships of the two components of the performance management system viz. Design and Execution identified as latent classes responsible for the employee motivation to perform because of performance management system. The relationship is tested with the research hypotheses on these classes using multinomial logistics regression. Keywords: Performance management system; employee; motivation. Cite this Article: Anant Deogaonkar, Dr. Bijal Zaveri and Dr. Chandan Vichoray, Employee Performance Motivation and Performance Management System-Exploring the Pertinence, International Journal of Management (IJM), 11 (3), 2020,pp. 8–15. http://www.iaeme.com/IJM/issues.asp?JType=IJM&VType=11&IType=3 1. INTRODUCTION AND BACKGROUND As per the research report of Indian brand equity foundation (Ministry of commerce & Industry, Government of India 2018 December), India is currently the world’s second-largest http://www.iaeme.com/IJM/index.asp 8 editor@iaeme.com Anant Deogaonkar, Dr. Bijal Zaveri and Dr. Chandan Vichoray telecommunications market with a subscriber base of 1.17 billion and has registered strong growth in the past decade and half. The liberal and reformist policies of the Government of India have been instrumental along with strong consumer demand in the rapid growth in the Indian telecom sector. The deregulation of Foreign Direct Investment (FDI) norms has made the sector one of the fastest growing and a top five employment opportunity generator in the country. This is an imperative to device a robust mechanism of employee performance measurement and management mechanism to ensure motivating reward, award and recognition system in place. Periodic reviews by the immediate supervisor are not just enough. Informal interactions between the employee and supervisor related to performance excellence indicate more positive outcomes as compared to formal appraisal process (Koen & Hans 2013). The organizational compensation survey by KPMG focused on innovative performance management systems to be the key area being worked by the corporate.(KPMG 2017-18).There is a need to exactly understand how the employee perceives the performance management mechanism and what are the expected inclusions to be incorporated in the performance management system to make it a motivating force for employee performance excellence. The institutes for corporate productivity researches also have negative findings about the performance management system. A lot many survey have been conducted to understand the effectiveness of performance management system in corporate but there is always a possibility of some indications underlying the responses given by the employees towards the performance management system to be considered as motivating force for performance. To identify such latent factors this research data is collected using survey method with the help of a structured undisguised questionnaire. 2. RESEARCH DESIGN This study is based on research data of 416 working professionals from telecommunication companies in India. We propose a three step model indicating the interrelationships between design of PMS, e ...