Performance management is an iterative process of goal-setting, communication, observation and evaluation that supports employees and organizational success. It establishes clear expectations and provides regular, constructive feedback to involve employees in goal-setting and ensure they are treated fairly while having opportunities for career growth. Performance management directly benefits organizations by aligning goals, growing sales, reducing costs, and engaging employees so that strategic changes can be implemented more quickly. It also improves management control and allows organizations to comply with legislative requirements.

1. PRESENTATION ON PERFORMANCE MANAGEMENT. By: Guriya kumari Roll No: 15013 PERFORMANCE MANGEMENT

2. INTRODUCTION An iterative process of goal-setting, communication, observation and evaluation to support, retain and develop exceptional employees for organizational success. Performance management is the systematic process by which an agency involves its employees, as individuals and members of a group, in improving organizational effectiveness in the accomplishment of agency mission and goals.

4. Encourage and reward behaviors aligned with organizational mission and goal.

6. Positive/constructive feedback on a regular basis

7. Involvement in goal setting

8. Be treated fairly and consistently

9. Sharing of information and resources

12. Grow sales

13. Reduce costs

14. Stop project overruns

15. Aligns the organization directly behind the CEO's goals

17. Improves employee engagement because everyone understands how they are directly contributing to the organizations' high level goals

18. Create transparency in achievement of goals

19. High confidence in bonus payment process

21. Displays data relationships

22. Helps audit / comply with legislative requirements

23. Simplifies communication of strategic goals scenario planning

25. THANKS