HUMAN RESOURCE DEVELOPMENT (HRD) CONTRIBUTION IN PERFORMANCE MANAGEMENT

Abstract

This thesis concentrates on human resource development contribution in performance management. It is tried to ponder over the availability of HR practices and application in three contributing sectors of Pakistan economy namely government, private and banking. This thesis report is mainly divided into two parts one is human resource development and other is performance management. However, what has been tried is to check and validate HR practices within institutions and the application of procedure and policy in respect of personnel needs analysis, career development, career planning, socialization, employee wellness, orientation, succession planning, training, career management, talent management and stress management. On the other side, this instant report covers effects made on delivering performance and its management for befitting employees at the fullest. The specifics of performance management are covered in this report are performance evaluation, performance appraisal approaches & methods, incentives, benefits, pay packages and promotion. Hence, the respondents are 100 in number who have equally contributed during survey from government, private and banking sectors to provide essential and valuable remarks and responses that what their institutions are offering them, how they are being taken care and what they are given when they require for working efficiently and effectively in order to generate required state of performance for creating entitlement of vested benefits as per policy and procedure in vogue. Institutions are looking to overexert lacking in HR practices and application in letter and spirit in comparison with international standards so that just and equitable treatment for all employees could be provisioned. The benchmarking so far, has not attended desired results in Pakistan but efforts are in the wake of unrest to make the situation more patient and deliverable. However, some institutions are in planning phase, some institutions are on the way in line with and some institutions are at initial breakthrough point to manage and materialize the actual standards of HR policies, practices and procedure for the betterment, motivation and encouragement of employees within and outside the institutions. It is transparently emerged that prevailing multinational corporations’ setup and facilitation practices for employees in comparison with government and banking sectors are in winsome situation. Hence, the slow upward movement for achieving better developed human resource, technically sound workforce and obtaining & maintaining standardized performance is in continuum. In terse, the detailed report for having much clearer picture of this instant thesis to portray its results cogently and corroboratively for the application within institutions is presented hereunder for meaningful deliberations and insightful understandings.