Performance Management & Reward Strategies in Sri Lanka
Introduction Performance management and reward strategies have become central to how Sri Lankan organizations build motivated, high-performing teams. With rapid shifts in technology, customer expectations, and competition, companies now realize that evaluating employee performance once a year is no longer effective. Instead, modern workplaces in Sri Lanka emphasize continuous feedback, fair reward systems, and performance conversations that support employee growth (Dias, 2021). In many Sri Lankan industries, such as banking, telecommunications, apparel, and BPO, performance management has transformed into a more development-oriented process. Companies like Dialog Axiata and Sampath Bank have introduced systems that focus on real-time feedback and goal tracking rather than relying solely on annual reviews (Kumarasinghe, 2022). This shift is influenced by global HR trends but adapted to fit Sri Lanka’s cultural expectations of fairness, recognition, and interpersonal respect. Reward str...