5 elements of a successful performance management process

Performance management goes well beyond annual performance appraisals. It is about improving employee performance, supporting professional development, and ultimately driving results.

Below are 5 key elements of a best-in-class performance management process:

• • It helps to align goals. Effective performance management processes allow all employees to know what is expected of them. Such processes ensure that employees know how their job duties relate to the organization’s larger goals.
• • It builds competencies. Effective performance management processes ensure that employees have the strong job-specific competencies that are needed for success and increased performance
• • It’s focused on employee development. Effective performance management processes help employees develop and improve. It encourages them to learn new skills and acquire knowledge.
• • Makes it easy for managers and employees. Effective performance management processes include managers in the process. It provides managers with forms, tools, and trainings, to help guide, support and develop their employees.
• • Is ongoing. Effective performance management processes do not simply occur once a year. Employees should receive continual feedback to ensure success.

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