As modern businesses evolve, performance management becomes a necessity for organizations seeking to:
- Establish and identify critical job competencies.
- Create consistent department-wide performance metrics.
- Manage poor performers.
- Establish a clear linkage between performance and compensation.
- Integrate succession management processes.
- Enable employees to align their efforts in a manner that contributes most to the organization’s goals.
- Recognize and reward good performance in an organization.
- Equip employees with guideposts to monitor personal behavior and results.
- Make real-time adjustments to maximize employee performance.
- Align individual work to achieving the organization’s goals.
- Attempt to reach the full potential of every employee.