How to Performance management

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Performance management

Consider the following situations. The athlete searching for a coach who really understands her, the student scheduled to see his guidance counselor at school, the worker who has just begun reporting to you his new boss, what do these situations all have in common, the need to manage performance effectively. Think of performance management as a kind of compass, one that indicates a person's actual direction, as well as his or her desired direction. Like a compass, your job as a manager is to indicate where that person is now, and to help focus attention on where he or she should be heading.

There are solid payoffs for doing performance management well. If you work for an organization with a great performance management system you will have a clear line of sight that links your work to the success of your organization. You'll perform better in your work, and you'll probably be amply rewarded for your excellent performance. Organizations with such systems are 51 percent more likely to outperform their competitors on financial measures.

Source: https://www.linkedin.com/learning/human-resources-foundations/performance-management