Performance Management is the continuous process by which an
organisation sets employees' and teams' objectives in line
with the business strategy, establishes processes for coaching and
development, reviews and assess progress against the objectives set
and then recognises and rewards strong performance. It is often
referred to as a cycle because the moment objectives are reviewed,
and performance for the agreed goals is assessed and recognised,
fresh goals are set for the next time period.
Why is it important to set objectives?
Performance planning is an essential stage in
performance management. Employees need to have a clear
understanding of what is expected of them and that there is a
common language between team members and team leaders on what they
should be trying to achieve, how they should achieve it and how
one's performance would be evaluated.
