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Modern performance management has evolved into a continuous and collaborative process that focuses on aligning employee performance with organizational goals. Effective systems emphasize ongoing feedback, the use of modern tracking tools, and developing personalized growth plans for employees. Addressing underperformance is handled with clarity and compassion while utilizing diverse appraisal methods to enhance growth and engagement.
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Term: SMART goals
Definition: Goals that are Specific, Measurable, Achievable, Relevant, and Time-bound to enhance clarity and focus.
Term: OKRs
Definition: Objectives and Key Results framework used for setting and communicating goals across teams to ensure alignment.
Term: 360degree feedback
Definition: A comprehensive appraising method that gathers performance input from multiple sources including peers, subordinates, and superiors.
Term: Performance Improvement Plans (PIPs)
Definition: Structured plans designed to support employees who are underperforming by outlining expectations and necessary assistance.
Term: Continuous feedback
Definition: An ongoing process of providing constructive input that enables employees to improve performance promptly.