Performance management steps
1. Planning: set clear goals, define individual roles/responsibilities
2. Monitoring: regularly track/monitor employee performance against goals/standards
3. Developing: provide training, resources, support to help employees develop skills
4. Reviewing: conduct formal performance reviews periodically
5. Rating: evaluate performance based on predefined criteria/performance metrics
6. Rewarding: recognize/reward high-performing employees through bonuses, etc.
7. Managing performance issues: address performance issues or areas of concern promptly
8. Setting development goals: set meaningful development goals and career objectives
9. Communication: open communication between managers and employees