Performance Management Report: Strategies for Employee Success
VerifiedAdded on 2020/05/04
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Report
AI Summary
This report delves into the critical aspects of managing people's performance within an organization. It begins by highlighting the importance of establishing clear goals and objectives aligned with company strategy, emphasizing the role of key performance indicators (KPIs) and strategic changes in shaping employee goals. The report then explores essential qualities in employees, the significance of goal setting, and the application of SMART principles. It addresses the importance of documentation in performance management and details various methods for providing formal and informal feedback, as well as employee motivation strategies. Furthermore, the report outlines a Performance Development Plan (PDP), including gap identification, development activities, and monitoring processes. Finally, it underscores the necessity of proactive performance management to reduce costs and maintain productivity, while also addressing termination procedures in accordance with fair work practices.
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