Performance management is a nurturing and holistic process that seeks to develop employees with the required skills and competencies to work towards the overall development of the business. It also emphasizes on improving employee performance taking into consideration the business requirements. Performance management involves giving continuous feedback and help the employee to achieve his career aspirations.
It aims to create a positive work culture where everyone takes accountability jointly for bringing out the business outcomes, honing their skills and competencies at the same time. It requires to unleash the employee’s full potential by communicating the business objectives, performance expectations, competencies, responsibilities and employee goals. It is good that there are tools available in the market to automate performance processes. With the help of an employee performance management software, it has now become easier to integrate all the departments towards the business to assess employee performance.