Definition: Performance management is a comprehensive approach to aligning organizational goals with the individual and team contributions of employees. It encompasses the processes, tools, and systems designed to enhance employee performance, productivity, and development.
Establishing clear and measurable goals is fundamental to performance management. This involves collaboratively setting expectations that align with the overall objectives of the organization, providing employees with a roadmap for success.
Performance management emphasizes ongoing monitoring of employee performance through regular check-ins and feedback sessions. This allows for timely recognition of achievements, identification of areas for improvement, and the adjustment of goals as needed.
Formal performance appraisals provide a structured platform for assessing employee achievements and areas of growth. This component of performance management is essential for identifying professional development opportunities, addressing skill gaps, and supporting career progression.
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