Performance Management Cycle Updated May 14, 2021
Performance Management Cycle
Updated May 14, 2021
Discover:What is the performance management cycle?
Stages of the performance management cycle
Why is the performance management cycle important in business?
What is the performance management cycle
The performance management cycle is a model that allows management and employees to better achieve organizational goals through a structured process of employee development.
The performance management cycle is a part of the performance management process or strategy, it is shorter and utilizes a continuous four-step procedure of planning, monitoring, reviewing and rewarding.
Benefits of utilizing this method include increased competitiveness, more structural flexibility, and higher employee motivation.
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