Glossary
Performance Management Cycle
Meaning & Definition
A Performance Management Cycle is a continuous process used to plan, monitor, review, and improve employee performance. It generally includes goal setting, performance planning, regular feedback, progress tracking, performance evaluation, development activities, and goal setting for the next cycle.
Importance of Performance Management Cycle
- Creates clear performance goals and expectations.
- Enables continuous feedback and performance tracking.
- Identifies employee strengths and development needs.
- Supports fair performance evaluations and career growth.
- Aligns individual performance with organizational objectives.
Legal Compliance & Policies
No specific statutory compliance is directly linked to the Performance Management Cycle.
However, performance evaluations should be conducted fairly and consistently in accordance with employment contracts and applicable organizational HR policies.
