Employee Performance Management
Figure 01: Performance Management (AIHR, 2016) What is Performance Management? Performance management is a corporate management technique that assists managers in monitoring and evaluating the performance of their staff. The purpose of performance management is to create an atmosphere in which people can perform to their full potential and deliver the highest-quality work in the most efficient and effective way possible. (TARDI, 2021) Importance of Performance Management Businesses require effective performance management. It assists them in aligning their workers, resources and systems to accomplish their strategic objectives through both formal and informal approaches. Further this helps to facilitate better working relationships, to provide a historical record of performance and to contribute to professional development by encouraging communication and providing useful feedback about job performance. (FourVision, 2020) Performance Management Process Figure 02: Performance Managem