Performance Management

Performance Review

A formal assessment process where employees and managers evaluate job performance, discuss achievements, identify areas for improvement, and set goals for future development.

Examples

Annual or semi-annual performance evaluations
Goal setting and progress tracking
360-degree feedback sessions
Performance improvement plans (PIPs)

Related Terms

Performance Improvement Plan (PIP)

Performance Management

A formal document outlining specific performance deficiencies, measurable goals for improvement, a timeline for achieving them, and the consequences of failing to meet expectations.

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