What is Performance Management?

Key Takeaways

performance management is the process used to ensure an organization connects its mission with the work of its employees the activities of performance management include performance appraisal where managers provide feedback to employees improvement activities to boost performance and it also includes interventions that provide employees the tools and resources they need to perform to their best performance management involves two related activities first evaluating the performance of employees against standards set for them and second helping them to develop action plans to improve their performance [Music] effective performance management depends on the development and implementation of appropriate performance management tools feedback and documentation generally organizations use performance appraisals in two ways making pay in other administrative decisions and developing people feedback is essential to any strong performance management system no performance feedback should be left to an annual meeting there should be no surprises finally strong documentation is critical to effective performance management that helps employees to do their best [Music] you