The performance management cycle – what is it, and what are its stages? How can you leverage it for the good of both employees and the business?
In this video, we define the performance management cycle and its stages and explain how you can effectively implement it within your organization and boost overall performance 🌟
💥The performance management cycle is an annually recurring phenomenon in which employees are evaluated throughout the year.
✅All employees go through this cycle, starting with goal-setting at the beginning of the year, followed by the monitoring of their progress, helping them develop to do better, and ending with a formal evaluation afterward.
🎯The goal of this cycle is to develop and execute employee performance plans.
🏁But where do you start?
In answering this question, we touch upon:
💡rating & rewarding
Want to dive deeper into the performance management cycle?
We have an in-depth article for that 👇
You might also be interested in checking out our article on 5 Tips to Ace Your Employee Performance Management Process:
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