Competencies by Learning and Development- A key to Performance Management

Abstract

Organizations are a combination of human and technology. Empowering human skills with technical systems lead to achieve real growth to the organizations. Human Resource Development is in a constant state of development, responding to organizational and environmental change. It is a powerful device to endow individuals, organizations and societies to compete effectively in a global market place. A study on Performance Management encourages employees to achieve optimum level of work performance in align with the organizational goals. This research not only helps to explore the relationship between PM in a Public and a Private organization, but it facilitates a framework to develop employee morale by learning and development. In this context, it is vital to depict the outcomes of two independent variables viz. competencies, and learning and development towards its dependent variable, PM. It highlights on the employee perception about PM practices of the two companies, which is a fundamental factor for attracting, retaining, and motivating employees. Accordingly, the study is concentrated at Kochi, Kerala, in the shape of “Competencies by Learning and Development- A key to Performance Management,” with a focus on the Plant level workers and the Managerial staff consists of sample size 481 and 475 respectively. Furthermore, it has been statistically verified that two factors show a positive relationship with PM. Along with this, it identifies the extent to which the PM and its work-life factors are provided by the selected companies. The outcome of the survey generated relationship between dependent variable (PM) and independent variables (work-life factors), different opinion in their PM processes, their outlook about PM practices and work-life factors with respect to demographic factors, personal satisfaction about their PM methods, varying satisfaction level with respect to the demographic factors, and the influence of work-life variables in the selected companies.