This document discusses performance management. It begins by outlining the training objectives, which include acknowledging the importance of performance management, relating it to reward systems, and how to build a successful performance system. It then defines performance management as a continuous process of setting objectives, assessing progress, and providing feedback to ensure employees meet goals. The main objectives of performance management are to support employees achieving high standards, improve performance through rewards, and ensure goals are aligned. It notes performance appraisal focuses more on quantitative aspects while performance management is qualitative and continuous. Finally, it discusses benefits like encouraging conversations, targeted development, and identifying underperformers.