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Published in:
2021 | OriginalPaper | Chapter
6. Introduction to Performance Management
Authors : Susan Traynor, Michael A. Wellens, Venki Krishnamoorthy
Published in: SAP SuccessFactors Talent: Volume 1
Publisher: Apress
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Abstract
Performance Management helps develop talent, measure individuals’ goals that are aligned to corporate objectives, identify training needs, and reward performance. The performance review process is used to evaluate an employee’s effectiveness in achieving goals and competencies and is a vehicle to identify development needs for the next year. Once performance has been rated and discussed, the result may be used in Calibration, Succession Planning, and Compensation decisions.