What are the Key Components of Performance Management?
The main components of performance management include:
Goal Setting: Establishing clear, measurable objectives that align with the broader business goals. Performance Monitoring: Regularly tracking progress and performance against the set goals. Feedback and Coaching: Providing ongoing feedback and support to help employees improve their performance. Performance Appraisal: Conducting formal evaluations to assess employee performance. Development Plans: Creating actionable plans for employee development and career growth.