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Performance Management
Performance management involves ensuring that an organization and its employees are performing optimally. There are different corporate management tools that can help organizations manage and evaluate their employees' individual performances. One of its goals is to increase the efficiency of employees by creating a conducive and favourable work environment.
What Small and Midsize Businesses Need to Know About Performance Management
Smaller businesses can incorporate elements of performance management to improve business performance, including expectation and goal setting, progress tracking, aligning job functions to organization goals and more.
Related terms
- Absence Management
- Furlough
- Onboarding
- Attrition
- Right to Work
- Employee Self-Service (ESS)
- Background Check
- Equity Theory
- Performance Management
- Diversity and Inclusion (D&I)
- Gamification
- Center of Excellence (COE)
- Succession Planning and Management
- Workforce Analytics
- Performance Improvement Plan (PIP)
- Employee Resource Group (ERG)
- Chief Human Resources Officer (CHRO)
- 9-Box Model
- Enterprise Applications
- People Analytics
