Unveiling the Long-Term Impact of management :Why Performance Management Is Important to a organization ?
Image 1.1 source possibleworks.com Introduction Managing employee performance allows companies to optimize their processes and improve efficiency and productivity in the workplace. Performance management is a system that uses a set of goals and rewards to encourage team members to dedicate themselves to their work. The objective of this blog is to explain what is performance management and the primary reasons why it's important. Performance Management means. Definition by Michael Armstrong in his Handbook of Performance Management, “Performance management is the continuous process of improving performance by setting individual and team goals which are aligned to the strategic goals of the organization, planning performance to achieve the goals, reviewing and assessing progress, and developing the knowledge, skills, and abilities of people.”(M Armstrong 2005). Performance management is the systematic process by which an organization involves its employees...