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Performace Control is a relative term. It depends on the department or which section of the organisation we are talking about. For example, an HR dept will focus on Quality of Employee Output throughout the organisation. For them the Efficiency of each Employee is imporatant.
But if u see, to have a Quality Employee, either good qualifications or excellent experience record is a must. And such people will demand a higher pay package.
If the HR Dept, goes about hiring the best of the best employees, with higher and higher remunration, the COST TO COMPANY (CTC) will shoot up. Hence a Financial Control over the HR expenses, will keep a check on their expenditure aspect.
For every other department in an organisation, Resources are money driven. When Inputs are controlled by Financials how can the Output (performANCE) be non financial in nature?
If there is any other parameter which can replace Financial Control, in my view, it can be QUALITY. But again only big and financially strong companies can afford to look at "Quality Only" aspect, ignoring the financial side of it.
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