Performance Management
Performance management is a systematic process that organizations use to ensure that their employees are working effectively and efficiently toward the achievement of the company's goals. It involves setting clear expectations, regularly tracking progress, providing feedback and coaching, evaluating performance, and recognizing and rewarding achievements. In essence, it's a way for businesses to support and improve their employees' work to help the company succeed.
What does it look like?
Performance Management Cycle
Define Organization and Departmental Goals: Align your team with the broader mission by setting clear organizational and departmental objectives.
Define Employee’s Objectives: Empower your team with specific, measurable objectives that contribute to the organization's goals.
Monitor Progress: Keep your finger on the pulse of performance with ongoing tracking and feedback mechanisms.
Prepare for the Performance Evaluation: Get ready for meaningful reviews by scheduling and self-assessment.
Performance Evaluation: Conduct insightful evaluations to celebrate successes and plan for growth.
Reward Employees and Set Next Objectives: Recognize achievements and set new goals, fostering a culture of continuous improvement.
Whether you’re hearing about performance management for the first time and don’t know where to begin, or you already have a performance management process in place but need help optimizing…
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