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Performance Management is a systematic process that involves improving the effectiveness of a company by improving the performance of its employees. This policy outlines the company's approach to managing employee performance, including the setting of objectives, performance reviews, feedback, and development plans.
Performance management is a communication process by which managers and employees work together to plan, monitor and review an employee's work objectives and overall contribution to the organization.
The purpose of reviews is two-fold: an accurate and actionable evaluation of performance, and then development of that person's skills in line with job tasks.
Policy appraisal is a systematic way of bringing evidence to bear on alternative policy options, weighing up costs, benefits, their distribution between different parties and over time, uncertainties and risks, as a way of assisting the development of policy.
Definitions The formal and informal continuous process of evaluating and supporting an employee's performance in the workplace.
A performance appraisal gives individual employees and their manager an opportunity to review performance, work content, loads and volume, to look back on what has been achieved during the past year then agree future objectives.
The policy should detail the criteria for good performance, the frequency and procedures for reviews, and guidelines for rewards and training. It should also emphasize open communication between managers and employees for ongoing feedback.
The principal purpose of the performance evaluation is to provide two-way communication between a supervisor and an employee about the individual's work performance and to establish goals for the upcoming year. Performance evaluation also may provide a basis for salary changes, promotions, or other changes.