Performance management in medium-sized enterprises

Vathsala Wickramasinghe ()
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Vathsala Wickramasinghe: University of Moratuwa

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Abstract: The purpose of the study is to investigate ways in which performance management is practiced in medium-sized enterprises in Sri Lanka. Medium-sized enterprises in Sri Lanka with the total number of employees between 50 to 99, more than 7 years of business operation, and total investment between 5 to 50 million Sri Lankan Rupees were surveyed. The hypothesized relationships were examined by structural equation modelling. It was found that the six characteristics of performance management, namely, focus, target setting, administrative work procedures, interdependency, integration with other HRM functions and responsibility significantly predict performance management effectiveness. Although medium-sized enterprises in the sample have devoted considerable energy in implementing performance management practices, considerable improvements are needed in the level of adoption.

Keywords: Organizational effectiveness; Performance feedback; Talent management; Performance measurement systems; HRM practices in SMEs; Employee motivation and performance; Workforce productivity; Organizational performance; Key performance indicators (KPIs); Strategic human resource management; Employee performance evaluation; medium-sized enterprises; performance management; SME; Small and medium enterprises (SMEs); Medium-sized enterprises; Performance appraisal; Performance management; Business performance improvement (search for similar items in EconPapers)
Date: 2016
Note: View the original document on HAL open archive server: https://hal.science/hal-05588671v1
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Published in Performance Improvement Quarterly, 2016, 29, pp.307 - 331. ⟨10.1002/piq.21227⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05588671

DOI: 10.1002/piq.21227

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