Performance Management System – Best Practices for Successfully Measuring Results
In every organization, a performance management system is critical to the success and effectiveness of the business. While many companies reference performance management as a key competency, few have robust approaches that enable both manager and employee success. In this article, we’ll discuss the key components or an effective performance management system so that you can better identify gaps in your own processes and implement best practices that will continually enable continuous performance improvements in your organization.
Components of a Performance Management System
The foundational aspects of a robust performance management system include:
- Clear Role Definitions and Performance Expectations
- Continual Performance Reporting
- Frequent Performance Coaching
- 360 Degree Feedback Approach to Performance Improvement
- Performance Appraisal or Performance Review process
- Performance Improvement Planning / Performance Development Planning
Read full article on Coach4growth.com