Performance Management System Pathology in Small and Medium Sized Enterprises of Iran Capital Market (A Case Study in Amin Investment Bank)(The Case: Amin Investment Bank)

Najafi, Toktam; Gholipour, Aryan

Performance Management System Pathology in Small and Medium Sized Enterprises of Iran Capital Market (A Case Study in Amin Investment Bank)(The Case: Amin Investment Bank)

Document Type : Research Article (Original Article)

Authors

Toktam Najafi

Aryan Gholipour

MSc in Human Resource Management, Faculty of Management and Accounting, College of Farabi, University of Tehran, Qom, Iran.

Abstract

Nowadays, Performance management in small and medium enterprises (SMEs) has been done in the form of performance evaluation and in an informal way and often comes with the purpose of monitoring and control; while the performance management system may improve knowledge, skills and capabilities of employees and increase permanence of workforce quality. The aim of this study is to prepare the ground for designing performance management system to enhance the efficiency of employees and the effectiveness of SMEs. Qualitative research methodology, based on thematic analysis, using semi-structured interviews was conducted in Amin Investment Bank. Sample-making was based on theoretical method and snowball technique has been carried out on the basis of 12 interviews with VPs and experts. Results identify a comprehensive set of challenges in performance management system in terms of nine conceptual codes and 100 open codes.

Keywords

Small and Medium Enterprises

Performance Management

Iran Capital Market

Thematic Analysis

GM-HRM 34000 Standard