What is Performance Management?
Performance management encompasses the continuous processes and systems organizations use to set expectations, provide feedback, assess results, and develop employees to achieve organizational objectives. This includes goal setting, regular check-ins, performance reviews, development planning, and recognition programs.
Modern performance management emphasizes ongoing conversations rather than annual reviews, focusing on growth and alignment rather than purely evaluation. Technology platforms facilitate goal tracking, feedback collection, performance documentation, and analytics.
Effective performance management clarifies expectations, motivates employees, identifies development needs, informs compensation decisions, and aligns individual contributions with organizational success. Contemporary approaches prioritize employee development, frequent communication, and forward-looking improvement over backward-looking judgment.
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