Performance management is simply defined as a system that ensures goals are consistently being met. Effective performance management optimizes results by aligning a company’s goals and objectives with the goals and objectives of individual employees. A company with a strong performance management system operates more effectively and more efficiently. What is the key? The key is that performance management systems are no longer just an Annual Performance Appraisal but instead a strategy anchored with ongoing communication and support that includes:
- Setting Expectations
- Keeping Performance On-target
- Realigning Performance
- Appraising Performance Click here for more information.