Small Business Glossary and Definitions

Performance Management is a term that refers to monitoring, planning, and reviewing the job performance of an individual. By setting goals and monitoring the progress on those goals, managers and human resources departments can help employees meet their career goals and fulfill their duties as best they are able. Performance management is an ongoing process that involves a series of meetings and a set of metrics by which to measure performance. Performance management is like coaching or mentoring, but with specific documentation and feedback.