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Performance management is simply identifying,
measuring, and developing individuals' performance and aligning it with
organizational goals. A good
method of performance management is performance appraisal, which allows the
manager to make plans to correct any shortcomings in the system.
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Performance management refers to activities that
aim at achieving the highest possible achievement of the company's goals. Managers and employees review and monitor the
performance of their employees together to ensure that they are contributing
positively to the organization.
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