What does "performance management" entail?

Performance management is a comprehensive and ongoing process that focuses on identifying, measuring, and developing employee performance within an organization. This concept encompasses various activities and responsibilities that collectively aim to align individual performance with the overall goals of the organization.

The continuous nature of performance management involves regular check-ins, feedback, and developmental opportunities that help employees understand expectations and areas for improvement. It is not merely about assessing performance periodically but rather facilitating ongoing growth and development, ensuring that employees have the support and resources they need to succeed.

This approach is aligned with modern HR practices, which recognize that employee engagement and skill enhancement are vital for achieving organizational success. Performance management also includes creating development plans, setting objectives, and fostering a culture of accountability and motivation.

While tracking attendance, conducting salary reviews, and setting company-wide targets are important components of human resources management, they do not capture the holistic and continuous nature of performance management. Attendance tracking focuses on punctuality rather than performance, salary reviews typically occur once a year and may not be directly tied to performance improvement, and setting company-wide targets, while strategic, does not address performance evaluation and development at the individual level.