Performance management: a key assessment tool.(INSIGHT)

Performance management is a process under which progress is assessed against a set of predetermined goals. It involves balancing the performance expectations of an organization with those of its employees, and can be achieved by ensuring that individual objectives are linked to organizational goals so that the performance of individual employees is directly proportional to business results.

Performance management is key to the consistent, long-term success of an organization, particularly in the current scenario of global recession and economic turmoil. There is no universal model or tool that fits every organization but there is a basic framework that each …