Performance Management And Achieving Business Objectives

All successful businesses, organizations and establishments share the common concept of employee performance management. To define performance management, goals, objectives and employee skills sets have to be taken into consideration. Performance management is a year-round process that incorporates several activities. Unlike employee reviews and appraisals, performance management requires a coordinated effort of both the employee and the manager to strategize and achieve results. To define performance management, we can look at the three stages involved in this process and outline each entity’s role in each stage of the process.