Effective Performance Management: Best Practices and Strategies

Abstract

Performance management is a crucial function in organizational management, which involves setting performance expectations, assessing employee performance, providing feedback, and taking corrective actions to improve performance. The objective of this study is to provide an overview of the best practices and strategies for effective performance management in organizations. This paper is based on a literature review of performance management, and it aims to synthesize and present the current state of knowledge on the topic. The study identifies several best practices and strategies that can improve the effectiveness of performance management, such as goal setting, performance measurement, feedback, and development planning. The paper also discusses the challenges of implementing effective performance management and offers suggestions for overcoming them.