Definition of Performance Management

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Terms in this set (...)

Actual Definition
A continuous process of identifying, measuring, and developing the performance of individuals and teams and aligning performance with the strategic goals of the organization
Two main components
1. Continuous process (ongoing, never ending process of setting goals/objectives)
2. Alignment with strategic goals (ensure that employee outputs are congruent with the organization's goals)
Difference between PM and PA
-PA=system that involves employee evaluations once a year w/o an ongoing effort to provide feedback/coaching
-PM=Much more than just performance measurement (must make explicit the employee contribution to the org goals)