PERFORMANCE MANAGEMENT

 

PERFORMANCE MANAGEMENT

Performance management is a corporate management tool that assists managers in keeping track of and assessing workers' performance. The purpose of performance management is to foster an atmosphere where employees may work to their full potential and produce the highest-quality work most effectively and efficiently (Tardi.C,2022)

According to the Armstrong (2015) performance management is continuous process of improving performance by setting individual and team goals which are aligned to the strategic goals of the organization (Armstrong,2015)

The performance management cycle

Through a structured process of employee development, the performance management cycle is a model that enables management and employees to more effectively accomplish organizational goals. The performance management cycle is a shorter, continuous four-step process that uses planning, monitoring, reviewing, and rewarding as part of the performance management process or strategy. (Valamis,2023).

Human resource management is the strategic approach to nurturing and supporting employees and ensuring a positive workplace environment. Its functions vary across different businesses and industries, but typically include recruitment, compensation and benefits, training and development, and employee relations.