What Are the Key Components of a Performance Management System?
A robust PMS generally includes the following components:
Goal Setting: Defining clear, measurable, and achievable goals for employees. Continuous Feedback: Regular and constructive feedback to help employees improve and stay on track. Performance Reviews: Formal evaluations that typically occur annually or bi-annually. Development Plans: Identifying areas for growth and creating action plans to address them. Recognition and Rewards: Offering incentives and recognition to reinforce desired behaviors and outcomes.