How Two Years Perforemance Managers Is Being Operating?

How Two Years Perforemance Managers Is Being Operating?Last two years performance management in public sector of China (China) is being practiced by many companies. But what many people are not aware of is the fact that all the companies are following a very rigid approach on applying various rules and regulations. One thing that can be noted in this respect is that they are following the rules without even considering the consequences to them.In the past, there was an analysis done in 2020 in China on the transfer of risk of private companies. The results came out in negative and a stringent approach was followed by the government of the China. The government then formulated some guidelines that have been applied by all the companies. According to the rules and regulations of China, they were to follow certain basic rules like no shareholder voting; no board meetings; no meetings of shareholders etc.But companies who are still in the practice of holding meetings of shareholders of a company are forbidden by the government to call it as meetings. This is a significant reason for every company to go through a very strict screening process and there should be a very good reason for the meeting of shareholders to be conducted.The other reason why majority of companies are failing in China is that there is no clear regulation of human resource management in the same. That is why it has become so difficult for the organization to carry out the tasks assigned by the government. So many managers tend to be satisfied with the job they are doing instead of enhancing the performance of the employees.Last two years performance management in public sector of China is observed in many ways like over one hundred percent excessive use of leave by the company; no promotion on promotion basis, long gap between promotions of various employees; loss of progressions; staff who have been employed for a long time are becoming redundant but continued the same job instead of upgrading them; excessive salaries; managers are over-stressed because of the complexity of work of employees; denial of rights to their employees. One thing that is very serious about this entire process is that these practices have been affecting the quality of the product or service. That is why there is very little availability of quality products or services.Another important rule is that the business planning and industrial policies of China are also not stable; the growth rates of many industries are falling and companies are running out of money rapidly. This is because of the low return ratio and the profit margins that they are being offered. China has introduced three new rules and that is the three new laws that forbid taking a loan on any short term basis and two laws that forbids the companies from transferring stock of the employees to themselves and the third one which is one year minimum lock up period for stocks.In the past, due to lack of social regulations and governance, China had faced financial problems. This is because of the fact that most of the business houses and institutions had huge sum of money while they were not able to provide the services and products that were needed by the people. This caused a lot of financial damage to the nation.There are many other rules and regulations that need to be adopted by the government of China in order to enhance the quality of life of the people. This is so to ensure that they will continue their investment and get the best quality products and services which would enable them to move forward.