Performance Management System

A performance management system helps organizations track the performance of their employees at an organizational, departmental, and individual level. It includes functions like peer feedback, 360 degree feedback, one-on-one meetings, OKRs, goal-setting and tracking. A good performance management system should also provide actionable insights to help managers identify high and low performers and visualize employee performance across the organization.

A good performance management system should allow managers and employees to review past achievements and put current performance in context, it should facilitate the linkage of individual goals to company priorities, should be user friendly and intuitive which would eventually lead to faster employee adoption, and should provide real-time reports to gauge employee performance periodically.

A typical performance management process usually includes the following steps: conducting reviews (360 degree, leadership, peer, individual), collecting feedback, discussing feedback during one-on-ones, creating performance improvement plans, setting goals, and providing rewards.

https://www.peoplehum.com/blog/performance-management-system-all-you-need-to-know
https://www.peoplehum.com/blog/5-elements-of-an-effective-performance-management-system
https://www.peoplehum.com/blog/top-6-mistakes-managers-make-during-1-on-1-meetings