What you need to know about: Performance Management
Who should read this?
Employers with full-time, part-time, casual or fixed-term employees.
Why is it important?
· To ensure employees have clear targets and perform to agreed standards, both in terms of what is expected and how the results are achieved.
· Ensuring employees understand what is expected of them and deliver to agreed targets will enhance their contribution to your business, helping you to achieve your business targets. It is also more likely to result in higher productivity and motivation through increased job satisfaction.
· Managing performance in a fair and clearly defined manner can also help avoid problems later if an employee important to ensure is not meeting agreed standards.
What you need to do
Performance management is an ongoing process, with a formal review at agreed intervals during the year. The degree of formality will vary depending on your workplace, but it’s important to ensure employees clearly understand what is expected of them. This is best done through regular discussion about their performance.
There are four main steps involved:
1. planning
4. managing outcomes of performance review, either:
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