5 Reasons Why Employee Performance Management is Important

Most people would say they like to receive feedback in the professional setting. Without feedback, how can you improve? This is where the importance of employee performance management comes in. Performance management is the act of engaging with an employee regularly to review their ongoing workplace performance and development. Employee performance reviews are an essential aspect of a business for…

Most people would say they like to receive feedback in the professional setting. Without feedback, how can you improve?

This is where the importance of employee performance management comes in.

Performance management is the act of engaging with an employee regularly to review their ongoing workplace performance and development.

Employee performance reviews are an essential aspect of a business for several reasons:

It encourages reward and recognition.

Unexpected appreciation can go a long way. And constructive criticism is better received when given in conjunction with positive feedback. Managing someone’s performance at work starts with helping them understand what they are excelling at and where they can improve.

It boosts engagement and productivity.

Engagement and productivity come with continuous improvement. By engaging in regular performance management, employees remain engaged and actively involve themselves in the workplace; therefore, they produce better results.

It allows for goal setting.

Every employee needs and deserves a clear understanding of the expectations for their work. They also need assistance with understanding the context of where they fit into the company and how their goals can also contribute to the overall success of the organisation.

This starts with goal setting.

It provides an opportunity for coaching.

Sometimes employees’ goals could use a slight adjustment; but other times, they might just not have the skills to reach them – yet.

An employee performance review provides them with a fair work environment, ensuring they are given as much support and guidance as others to meet their goals.

It allows for the exchange of feedback.

Receiving feedback as a company from your employees is just as important as dishing out the feedback to your employees. They might be experiencing a challenge you aren’t even aware of.

Ideally, the setup of an employee performance review creates an environment where employees can give and receive feedback comfortably.

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