Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Locate a current and reliable source of information on the performance management cycle. Discuss the components of the performance management cycle and the frequency each component is conducted over the course of an annual performance management cycle.
The steps of the process in order are as follows:
Step 1: Define Performance Outcomes for Company Division and Department
-Purpose
-Frequency
Step 2: Develop Employee Goals, Behavior, and Actions to Achieve Outcomes
-Purpose
-Frequency
Step 3: Provide Support and Ongoing Performance Discussions
-Purpose
-Frequency
Step 4: Evaluate Performance
-Purpose
-Frequency
Step 5: Identify Improvements Needed
-Purpose
-Frequency
Step 6: Provide Consequences for Performance Results
-Purpose
-Frequency
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