Performance management

[Ehsanuls55]

Performance management, on the other hand, is a broader concept, and appraisals are part of it. It encompasses everything from setting goals to monitoring each employee's progress, to providing feedback and rewarding good performance.

Similarities and differences between performance appraisal and performance management
The similarities between performance appraisal and management end with the fact that both deal with employee development and performance. As explained, the former is part of the latter process.

To understand it better, take a look at these differences between the two.

Performance Evaluation Performance Management Performance Management
Purpose: To measure annual employee performance. To regularly monitor and improve staff performance.
Annual Frequency Continuous Process
Scope: Only deals with formal annual evaluations Broad: Includes goal setting, performance quality directors email lists tracking, feedback, etc.
The process of goal setting during a performance appraisal
The success of the performance appraisal process depends on how well goals have been set at the beginning of the year. The goal setting process, while simple, requires input from multiple stakeholders and due diligence.

In this section, we will cover expert tips on how to properly set employee performance goals for performance reviews.