‘To be effective and yield results for your business, performance management must be a year-round process with no end.’ –Tesla Wilson
A systematic approach to measure the performance of the employees is what defines the Performance Management System (PMS). It includes alignment of organizational goals, mission and objectives with individual performances on the basis of availability of resources.
Continuous progress review, real-time feedback, frequent communication, training employees for improving performance, recognizing good work, rewarding improved performance, goal-setting etc. are also essential parts of managing and evaluating performance.