What is performance management? What is the role of performance management in achieving organizational success?
What is performance management? What is the role of performance management in achieving organizational success? Performance management refers to the process of creating a work environment or setting in which individuals are enabled to perform to the best of their abilities. It involves continuous dialogue between managers and employees, focusing on setting clear expectations, providing feedback, evaluating progress, and developing skills to enhance performance. Ultimately, the goal of performance management is to improve organisational effectiveness by aligning individual performance with the goals and objectives of the organisation. It encompasses various activities such as goal setting, performance appraisal, feedback, coaching, and development planning. Performance management is commonly used in both the private and public sectors. π’ Key components of performance management typically include: 1. Goal Setting Establishing clear and specific objectives that align with the overall go...