Performance Management

Performance Management:

Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities.

Success = People + Assets

Performance Management Vs Performance Appraisal:

	Performance Appraisal	Performance Management
	The formal assessment and rating of individual by their managers.	Performance Management is more natural management
Assessment	Yearly once or twice	Continuous
Expected Act by Manager	As Judge	As Coach
Gap between Management & employee	High	Very Low