What is Performance Management?

Performance management is the process of continuous feedback and communication between managers and their employees to ensure the achievement of the strategic objectives of the organization.

The definition of performance management has evolved since it first appeared as a concept. What was once an annual process is now transitioning to continuous performance management. The goal is to ensure that employees are performing efficiently throughout the year, and in the process, address any issues that may arise along the way that affect employee performance.

Automation now plays a significant role in performance management, and many of the processes involved can be streamlined so that employee performance can be strategically managed. This is the age of continuous performance management, and the benefits of this system is discussed below.

Motivation for improvement: A well implemented performance management program improves the performance of individuals, teams, and the overall company.

Understanding employee’s strengths and weaknesses: The manager and the employee can offer each other feedback and address concerns, creating a transparent work environment

Training Risks: Evaluation can spot employees who need training — and not all of them will be recent hires.

Employee motivation: All the organization’s employees should be more highly motivated. Objective performance appraisal will identify those who are outstanding, and management will reward them.

The managers benefit: Saves time and reduces conflicts, ensures efficiency and consistency in performance.

Brian Fenton

Aspiration Software