What is performance management?
Performance management is a process to manage and improve the performance of employees and teams. It aligns personal goals with corporate goals, supports the continuous development of employees and provides regular feedback. Through performance management, companies can ensure their employees work more efficiently, develop their skills and remain motivated. By doing so, it plays a part in achieving corporate goals and improving the company's overall performance.
The performance management process
The performance management process is a structured approach to continuously review and improve employee performance. It begins with defining clear goals that are aligned with corporate strategies. Employee performance is regularly monitored to track progress and identify obstacles early on. A key element of the process is regular feedback, which includes both praise and constructive criticism. The final performance evaluation provides the basis for further development plans and potential rewards. The process drives employee efficiency and development.
Measuring performance correctly
Measuring performance requires clear, measurable criteria that align with corporate goals. These can include both quantitative and qualitative criteria, such as sales figures, project completions and quality of work. The criteria must be specific, realistic and relevant. Regular reviews and feedback meetings help to objectively assess performance and identify any areas for improvement. Modern tools and systems support this process by tracking performance transparently and with data. A fair and consistent measure of performance is essential to increase employee motivation and support their further development.
Everything about performance management in one template
This PowerPoint template provides you with selected information on performance management. Present the performance management process in your company and explain the importance of good performance to your employees. In addition to a collection of information and graphics, you'll also receive a selection of important tools and methods that you can use for your own performance management. Apply the tools directly in PowerPoint and present your results with just a few clicks. Download our template today!
With this template for PowerPoint:
- you will receive essential information on performance management.
- you can present the performance management process.
- you can use selected tools and methods directly in PowerPoint.
This PowerPoint template includes:
- Quote
- What is performance management?
- Definition
- Performance management: a multidimensional approach
- Importance of performance management
- Key components of performance management
- Performance management objectives
- The role of leadership
- People-centric performance management
- Performance management challenges
- The future of performance management
- The performance management process
- The five phases of performance management
- Phase 1: Plan
- Phase 2: Monitor
- Phase 3: Develop
- Phase 4: Evaluate
- Phase 5: Reward
- Best practices
- Performance management maturity model
- Measure performance
- Importance of performance measurement
- Traditional performance measurement vs. modern performance measurement
- Classification into low and high performers
- Measurement based on performance and potential
- Explanations for the potential-performance matrix
- Holistic employee evaluations
- Metrics for measuring employee performance
- Performance development meeting
- Tools and methods
- SMART goals
- Management by objectives (MBO)
- OKR
- 360-degree feedback
- Self-evaluation canvas
- Performance plan
- Balanced scorecard
