Performance Management is making sure all employees are focused on the same priorities. When done correctly, it improves production and reducing waste. It helps the employee or individual set and meet their goals and improves the employee manager relationship. This is key in keeping a manager and employee aligned, which improves performance and productivity.
When changes occur Performance Management helps the transition to be smoother and less hectic. It helps the manager and employee have a stream-lined relationship which improves communication and interactions between the two. It will help close any gaps that exist in an employee’s skill set and make them a more valuable employee through feedback and coaching.