Today, Performance Measurement has become one of the major roles of the Human Resource Department of any organization. Nowadays, organizations use different approaches to ascertain the performance of their employees. In this paper, I have compared three famous approaches used by many organizations in our societies today.
The question is why should there be any performance Measurement? There is a need to ensure effectiveness, efficiency, quality, timeliness, productivity and safety. A comparison has been drawn between the Balanced Scorecard, Management by Objectives and Graphic Rating Scale system of performance measurements.
Keywords: Balanced Scorecard, Management by Objectives, Graphic Rating Scale