An analysis of the performance management system: A case of a mining PSU of Odisha

This research paper looks into the Performance Management Systems (PMS) within a specific mining company, focusing on the perspectives of employees. It aims to understand the influence of PMS on employee motivation, performance, and satisfaction in this high-risk sector. The study highlights the crucial role of PMS in the mining industry, emphasizing the need for employee-centric approaches that enhance job satisfaction and commitment. Using a diagnostic research design, the study employs surveys and interviews with employees. It explores factors like motivation, work environment, and leadership's impact on the effectiveness of PMS. The research analyzes the data through various statistical methods, including Exploratory Factor Analysis and Pearson correlation coefficients, to identify patterns and relationships. The findings reveal the importance of components such as work-life balance, fairness, and transparency in the PMS process. Regular feedback and alignment of individual goals with organizational objectives are also key. The study concludes that aligning PMS with employee needs and organizational goals can significantly improve employee satisfaction, motivation, and overall company performance. It underscores the importance of a tailored approach to PMS in the mining industry.