Tech Glossary
What is Performance Management?
Performance Management is a process that aims to ensure that employees perform at their best level to achieve the organization's goals and vision. Through Performance Management, a framework is created to define and measure employee performance, as well as to identify and develop their skills and potential. There are various methods and tools for implementing Performance Management within an organization. Examples of such methods include goal setting and follow-up, feedback and evaluation, and reward systems and development plans. By using Performance Management, organizations can create a culture of continuous improvement and development for both employees and the organization as a whole. Just as with other processes in business management, there are various programs and tools that can support the implementation of Performance Management. Examples of such tools are HR systems and performance management programs that can facilitate the management and follow-up of employee performance. By implementing and using these tools, organizations can streamline and improve their Performance Management process to achieve desired results.