Glossary of Employee Recognition, Total Rewards, and Company Culture Terms
Performance Management is a systematic approach that helps organizations measure and improve employee performance. It involves setting performance goals, providing feedback and coaching, and assessing progress towards achieving those goals.
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By setting clear expectations and providing feedback on performance, organizations can identify and reward top performers while helping those who may not perform as highly.. Additionally, it helps employees understand how their work contributes to the overall success of the company, which can increase their sense of purpose and motivation.
Performance management can drive employee engagement and motivation by providing regular feedback and coaching. This helps employees understand what is expected of them and how they can improve their performance. Additionally, it can help employees feel valued and recognized for their contributions, which can lead to increased job satisfaction and loyalty.
Here are some best practices for incorporating Performance management in your organization: