Performance management is a day-to-day ongoing process that creates an environment in which individual workers are enabled to perform to the best of their ability. Individual skills, abilities and behaviors are monitored, encouraged, and nurtured to allow workers to meet, and perhaps exceed, the targets and standards that you want them to meet.
There are two reasons for managing performance of your workers. Firstly, you want to make sure your employees are competent in their work so that they can achieve the performance you want from them. Secondly, you want to help your employees to grow in their abilities so that they can exceed the performance you expect from them. If that happens, their productivity will increase and you will be developing future managers and leaders within your company.
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