Human Resource Glossary

Performance Management

Definition: A continuous process for evaluating, guiding, and improving employee performance to align individual contributions with organizational objectives.
Key Practices:
1. Goal Setting: Establishing clear, measurable, and achievable objectives for employees.
2. Regular Feedback: Providing constructive and timely feedback to encourage growth and address challenges.
3. Performance Reviews: Conducting structured evaluations to assess progress and realign goals.
4. Development Plans: Creating actionable strategies to address skill gaps and foster professional growth.
Benefits:
- Improved Accountability: Ensures employees understand their responsibilities and deliverables.
- Enhanced Productivity: Aligns individual efforts with organizational goals for better results.
- Employee Growth: Identifies areas for improvement and opportunities for advancement.
- Informed Decision-Making: Offers data-driven insights for promotions, rewards, or restructuring.
- Stronger Organizational Culture: Reinforces a culture of excellence and continuous improvement.