The Effectiveness of Performance Management System in Enhancing Organizational Performance: A Case Study of MECON Ltd., Ranchi(JH)

The Effectiveness of Performance Management System in Enhancing Organizational Performance: A Case Study of MECON Ltd., Ranchi(JH)
Author(s):
Sharmika Singh, Dr. Khaleda Rehman
Keywords:
CEDB, HSL), MECON Limited. engineering consulting firm, management, continual training
Abstract
MECON Limited, formerly known as Metallurgical & Engineering Consultants (India) Limited is a central public sector undertaking. It is under the ownership of Ministry of Steel, Government of India. It began in 1959 as the Central Engineering and Designing Bureau (CEDB) of the Hindustan Steel Limited (HSL), the first public sector steel company. With a focus on MECON Limited, an Indian public sector engineering consulting firm, this study examines how well performance management systems may improve organizational performance. MECON aimed to increase productivity, employee engagement, and overall organizational efficiency by establishing a complete performance management system that included goal setting, constant feedback, performance evaluations, and growth plans. Although difficulties like change resistance and the requirement for continual training were mentioned, the results show that the performance management system had a major impact on these gains.
Article Details
Unique Paper ID: 167236 Publication Volume & Issue: Volume 11, Issue 3 Page(s): 649 - 651
Article Preview & Download

Share This Article

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024

Last Date: 15th March 2024

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on [email protected]