"Key Performance Indicators are a set of measures that help a company determine if it is reaching its performance and operational goals. Indicators can be both financial and non-financial, and there is no one set of indicators used by all companies."
(Reference: http://www.investorwords.com/6554/key_performance_indicators.html#ixzz2PfH7giHt )
The position description and performance indicators are a vital part of the PMS as it will give all employee a clear understanding of how they are supposed to produce on the job.
This is actually to align the expectations of the employee's personal goals with the ones of the organization.
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