Performance management is relevant for all employees of the organization, including employees, teams, and managers. To achieve the company’s goals, all its employees must work as a single mechanism, where everyone plays a particular role. Conducting a 90-day performance review is worth ensuring these roles are performed effectively. It helps to check how well the team is meeting expectations, working productively, and what areas can be improved to get a better result at the next inspection.
What Is Performance Management?
Performance Management assesses the employee’s performance against established goals and expectations. This includes regular reviews that help the employee get feedback on their performance and help the company understand the potential of the team’s human resources. Although the primary goal of this process is to increase the company’s efficiency, the team also benefits. Thanks to a fair and standardized check, the manager receives the input data of each team member. Therefore, all employees’ efforts and achievements are recorded, and they can be evaluated. Based on this, they allow the most active and motivated team members to occupy better positions or receive bonuses.
Who, what for? Key Features of Performance Management
The Performance Management process and performance evaluation affect all employees: from the head of the organization to the performers. This process begins with setting company goals and expectations and then unfolds as an analysis of performance. The use of software products for analysis and performance evaluation makes this process transparent and equal for participants.
The main goal of Performance Management is to form a growth zone and new goals, which, according to the analysis, can be realistically achieved within the set period. That is, the organization receives a step-by-step plan on how to achieve specific goals:
- Which employees should be given the most responsible tasks?
- What systems of motivation to use in the team?
- What decisions can constructively impact the productivity of the company as a whole?
Ultimately, each employee’s goals align with the company’s goals. Employees become more engaged, motivated, and interested in working effectively.
