The Use of Scorecard Individual and its Impact on Individual Employee Performance (PDF)

Project Report from the year 2022 in the subject Leadership and Human Resources - Leadership, , language: English, abstract: This essay critically examines the use of Scorecard Individual and its impact on the Petrofac International workplace and individual employee performance. As an individual employee contributes towards improving organizational performance, an individual performance system needs to be important so that their roles in the attainment of the organizational strategic objectives are understood better. Gomes and Liddle (2009) showed that individual performance systems enable employees to receive support and feedback on their performance and reveal new opportunities befitting their skills and experiences as well as learning and development areas. SHRM (2018) reiterated that performance management will only succeed if managers and supervisors also understand the systems and provide sufficient motivation and learning and development resources which enable measurement of individual performances based on their direct reports instead of the general business results. Scorecard Individual is one of the performance management systems used at Petrofac International to evaluate and support patterns of individual successes. The system is founded on performance management theories on the capability of the employees to satisfy stakeholder needs, meet organizational objectives and create a culture of commitment to overall organizational goals.