FACTORS EFFECTING PERFORMANCE MANAGEMENT SYSTEM: AN EMPIRICAL ANALYSIS WITH REFERENCE TO HEALTH CARE INDUSTRY AROUND HYDERABAD METRO

In this empirical research we are reporting the results of a survey carried out in Healthcare Industry in the Metro city of Hyderabad, whether the performance appraisal management system is effected by the independent factors performance management, improved employee performance and impact of performance appraisal system on employee performance. The authors surveyed 750 staff working in various healthcare centres including hospitals, training centres consisting of 435 men and 315 women employees, to evaluate the how the said factors effect the performance management system in healthcare industry. The reliability statistics Cronbach Alpha, Kaiser-MeyerOlkin Measure of Sampling Adequacy and Bartlett's tests of sample adequacy, principal component analysis and multiple linear regression analysis carried out. The Cronbach alpha measured at for performance management 0.870 factors for improvement of employee performance 0.776 and factors for Impact of performance appraisal system on organization is 0.742. The KMO-Bartlett tests reveal a strong relationship among the study variables and Bartlett's test of Sphericity is significant (P<0.001) for all the three factors indicating the correlation matrix is not an identify matrix. The multiple regression analysis reveals the three factors significantly influencing the performance management system in healthcare industry in the Metro of Hyderabad