An organization cannot just hire an employee and expect them to work without any flaws. Initially, your employees would need guidance and supervision to understand what the organization expects from them so they can perform better. Having an effective performance management program increases the productivity of the company, helps identify top performers, and motivates them to work harder. A perfect performance management program can also ensure that their objectives and goals coordinate with the hiring and employee development plan. Performance management is an ongoing event, not just an annual task. Therefore, companies need to realize this to reap the benefits of a performance management program.

Steps to Build an Effective Performance Management Program

Below are the 4 steps to build an effective performance management program.

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