Performance management is an organizational process aimed at fostering an atmosphere in which individuals can work to their full potential and produce high-quality work. A performance management system is a method of measuring employee performance systematically.
It is a process in which an organization’s goals, mission, and objectives are aligned with existing resources (example, manpower, material, etc.) and processes, as well as the organization’s priorities. If the word “annual” appears in front of your organization’s performance management process, you are missing out. Instead, you want it to begin with the term “continuous.” It’s a smarter method to motivate employees, leaders, customers, and the bottom line, and your leaders, people, customers, and bottom line will thank you.
