LIBRARY

Performance Management

Over the past 10 years, performance management has evolved from an annual process to an ongoing system designed to help employees grow and develop within your organization. 

Wave
All
Articles
Interviews
RSVP Webinars
Webinars
eBooks
You're all set!
Expect to hear from us around once per week.

Have a great day 😄
Oops! Something went wrong while submitting the form.

Performance Management Overview

Performance management is the workplace practice of encouraging a strong relationship and continual conversations between managers and employees that leads to better performance.

Performance management is an important component of the modern workplace. Studies have shown that employees are always looking for communication from their coworkers, managers, and leadership on how they’re doing at their job. Performance management is the system of informing them on their performance and helping them improve. Studies have shown that methods of performance management can be used to make an employee feel more engaged in their work and more productive overall. This in turn makes them more beneficial to the company, as it can make a huge difference to a company’s bottom line.

Performance management has changed significantly over the past few decades, but it’s often agreed that in a performance management process, you gather feedback, deciding on goals, planning 1:1s, and having performance reviews. The methods of performance management is often heavily influenced by a company’s culture. A company culture may focus more on one method over another, but often all methods are imperative to get a full understanding of an employee’s performance -- what they’re doing well, what they’re struggling with, what they could learn more of, what they’ve got potential in -- just overall, what they’re contributing to the company.

The performance management process is alleviated by using a data gathering performance management system, where all this information -- notes from 1:1s, goal measurement, regular status updates across teams, recording feedback, giving regular praise, and all the different types of reviews within performance reviews -- is put in one place. This allows people teams, managers, and leadership to see the full story that performance management tells about an employee’s performance.