4. Performance Management

Performance management is a systematic approach used by organizations to assess and enhance employee performance, ensuring that individual efforts align with the company’s goals. It involves setting clear expectations, providing regular feedback, and conducting evaluations to identify strengths and areas for improvement. By focusing on employee growth and development, organizations can boost productivity and overall effectiveness. This ongoing process encourages open communication, fosters a supportive work environment, and ultimately contributes to the success of both employees and the organization as a whole.