It's good to have you back. In this lecture you're going to learn about performance management. Performance Management is the process which is used for knowing how individual employees or team would contribute towards the growth of an organization. Performance Management is about aligning the efforts of employees towards organizations objectives. As a manager, you will use performance management to align different goals towards achievement or fulfillment of the business goals. Your responsibility will be to help in aligning employees and the team's goal in a way that it increases productivity and profitability for the organization.

During performance management, employees would get continuous feedback and directions so that they can develop and grow Never the best. That's why performance management is a continuous process. During performance management, the results and behavior of employees is measured. It helps knowing how an employee behaves and doing challenging and difficult tasks. Why is performance management important? performance management can help growing sales and profits.

It helps to motivate workforce due to which they perform even better and get rewarded. So, performance management is equally important for both the employees as well as the employer