Aligning Performance Management with Business Strategy

eLeaP ALIGNING PERFORMANCE MANAGEMENT WITH BUSINESS STRATEGY T... What is Performance Management? Performance is managed within a business to a greater or a larger extent no matter how big or small said business may be. This makes sure that managers are on their feet when it comes to setting goals and measuring whether a particular employee is working according to these goals and larger objectives or not Performance ManagementProcess The performance management cycle is split up into four main parts. Planning, being the first, involves equal participation from both the manager's and the employee's side. • The second stage is that of monitoring and, unlike the past models which were based on yearly appraisals. • The third stage is the reviewing stage where whether an employee has worked for or against the goals of the organization is assessed. • The last stage is rewarding whereby an employee is rewarded for any work he/she has done or any way with which they have gone above or beyond their capacity to deliver work for the organization. Best Practices to Align Performance Management with Business Strategy • Strategic Performance Management Managing Performance through Training and Development • Get the Higher Ups Involved Performance.EleapSoftware.com