What Is Performance Management
The word “performance” is directly related to the action, the results of that action and the success of those results compared to a standard. That is, the performance corresponds to the value creation potential, related to a period of time.
The concept of performance management can be understood as the process that encompasses: planning, evaluations, indicators, monitoring, and implementation of performance improvements.
In this sense, performance management merges goal management and competency management. With them, it is possible to set goals to measure performance and analyze individual and team behavior. And, the intention is for employees to be able to raise their potential and skills.
As it is continuous management, performance management monitoring happens in real-time. In this way, decisions are made with more information and agility. In addition, expectations are aligned and evaluations are carried out to monitor, control and develop employees as well.
What Is The Purpose Of Performance Management
There are several goals within performance management. One of them is that it helps to stimulate improvements in the performance of professionals so that everyone brings good results. But does not stop there.
Check out the main objectives of this strategy:
Assist in decision-making and personnel management;
Identify professionals with the potential for positions of greater responsibility;
Establish criteria for training and development ;
Grant promotions or job relocations;
Measure the achievement of strategic objectives.
In addition to all this, with this process, it is possible to offer support to the entire team and provide constructive feedback, training professionals according to their competencies and measuring their results based on the goals achieved.