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“Performance Management” refers to the way in which a business involves its employees and encourages those employees to help the business grow and improve.

Performance Management involves planning, monitoring, developing, rating, and rewarding employees. This article will discuss various methods of implementing this system and why it is important to the overall success of a business.

A business is nothing more than an idea without people in place to take action and make the business happen. And how well a business runs is a direct reflection of its employees.

Over time, a practice known as “Performance Management” has been put in place in most businesses to ensure that employees not only do the jobs they were hired to do, but do them well and are proud of the work they get done.

There are five key areas of Performance Management, which are planning, monitoring, developing, rating and rewarding employees.

(c) 2007 Coaching Businesses To Success. Martin Haworth is a Business and Management Coach. He has hundreds of hints, tips and ideas at his website, www.Coaching-Businesses-To-Success.com and a free e-course only from cbts01@aweber.com - just send an e-mail!