What is performance management

Performance management: refers to the continuous cycle process of performance plan formulation, performance coaching and communication, performance appraisal and evaluation, performance results application, and performance goal improvement in which managers and employees at all levels participate in order to achieve organizational goals***. The purpose of performance management is

Continuously improve individual, departmental and organizational performance.

1. The process of performance management is usually regarded as a cycle, which is divided into four links, namely: performance planning, performance coaching, performance appraisal and performance feedback.

2. Performance management embodies the "people-oriented" idea and requires the joint participation of managers and employees in all aspects of performance management.

Extended information: 1. Performance, from a management perspective, is the outcome expected by the organization. It is the effective output displayed by the organization at different levels to achieve its goals. It includes two aspects: personal performance and organizational performance.

2. Performance refers to how well an organization, team or individual completes a task under certain resources, conditions and environment. It is a measurement and feedback of the degree of goal achievement and efficiency.

3. The ultimate goal of performance appraisal is not simply to distribute benefits, but to promote the mutual growth of the company and its employees.

Through assessment, problems are discovered, problems are improved, and gaps are found for improvement, ultimately achieving a win-win situation.

4. Performance management and performance appraisal are different. Performance appraisal is only a part of performance management.

Performance management is a complete cycle, consisting of performance plan formulation, performance coaching and communication, performance appraisal and evaluation, and application of performance results.