ANALYSIS OF PERFORMANCE MANAGEMENT PROCESSES ON EMPLOYEES

Performance management: The continuing process of communication between managers and

employees, with the mutual goal of accomplishing the strategic goals of the company.
The process includes clarifying expectations, setting objectives, identifying goals, providing
feedback, and reviewing results.
The purpose of performance management is to give both managers and employees a clear and
consistent system within which to work that, in turn, will lead to increased productivity.
The importance of performance management is to keep their employees engaged from time to
time, retaining their talent, developing leaders from within.
For example: Google has always been a trendsetter, and their performance management process
is one that relies on data and analysis, as well as making sure that their managers are well
trained. When assessing their performance management system, Google launched a project
dedicated to assessing their managers, which has led to a thorough training and future
development process that sets managers, and thus employees, up for success.

Further in the detailed project report we would like to discuss elaborately about performance
management process steps, cycle, objectives, benefits, ways to improve performance,
performance appraisal, difference between performance management and performance appraisal
along with real time examples.