PM Steps

The performance management process typically involves several steps, such as:

  1. Setting performance goals: Establishing specific, measurable, achievable, relevant, and time-bound (SMART) goals that align with the organization’s overall strategy.
  1. Monitoring progress: Regularly reviewing progress toward goals and providing feedback on performance.
  1. Conducting performance evaluations: Assessing an employee’s performance against predetermined performance standards and providing feedback on areas where improvement is needed.
  1. Developing performance improvement plans: Creating action plans to address areas where an employee’s performance is below expectations.
  1. Providing recognition and rewards: Recognizing and rewarding employees who meet or exceed performance expectations.