Continuous Professional Development (CPD) can be understood as an educational process by which professional people maintain, enhance and broaden professional competence.
Performance appraisal system is the process of evaluating the performance of an employee (Schermerhorn, Hunt, & Osborn, 2002). The information gathered from such evaluation is shared with employees.
Since the 1980s there has been an increasing emphasis on the importance of performance management systems. It involves the identification of certain parameters, also known as key performance indicators to effectively evaluate the performance of an employee
Goal-setting theory refers to the effects of setting goals on subsequent performance. Researcher Edwin Locke found that individuals who set specific, difficult goals performed better than those who set general, easy goals (Yearta, Maitlis, & Briner, 1995).
Organizational justice theory helps the performance management process of an organization to make it more transparent, trustworthy, and reliable.
The main business of GE is production of aircraft engines, power generation, oil and gas production equipments, medical imaging, financing and industrial equipment.
Behavioural approach is the most commonly adopted approach and comprises of vertical scales which are based on certain parameters.