| Performance Management is the achievement of a corporate vision by establishing goals and strategies throughout the organization. Everyone understands how their job performance contributes to the company’s success. Most importantly, it is measured on “Total Performance” which is based on two components:
2. Competencies – How it’s achieved Management and employees are developed in both areas to increase their chances for success. It also establishes accountability to deliver on their goals. The end result is companies retain highly motivated, high achieving individuals and teams. Organizations with Performance Management Systems have seen a 47% shareholder return over a 5 year period. |
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| Performance Management |