Definition of Performance management:
A formal performance-management program helps managers and employees see eye-to-eye about expectations, goals, and career progress, including how individuals' work aligns with the company's overall vision. Generally speaking, performance management views individuals in the context of the broader workplace system. In theory, you seek the absolute performance standard, though that is considered unattainable.
An assessment of an employee, process, equipment or other factor to gauge progress toward predetermined goals. See also organizational development (OD), performance appraisal, application performance management (APM), business performance management (BPM), operational performance management (OPM).
Performance management is a corporate management tool that helps managers monitor and evaluate employees' work. Performance management's goal is to create an environment where people can perform to the best of their abilities to produce the highest-quality work most efficiently and effectively.
How to use Performance management in a sentence?
- The precept of performance management is to view individuals in the context of the broader workplace system. .
- Performance management tools help people to perform to the best of their abilities to produce the highest-quality work most efficiently and effectively.
- The performance management was exceedingly well in the department so we decided to benchmark this potentially historic event for later use as well.
- Performance management focuses on accountability, transparency, and fosters a clear understanding of expectations.
- You need to always be good at performance management so that you can know that your product is still top notch.
- I was in charge of performance management , which meant that I would oversee the progress of our employees from start, to finish.
Meaning of Performance management & Performance management Definition