Importance of Performance Managing- It helps in developing skills & competency of the employee on periodic basis. It motivates employees to evaluate their own performance vis-a-vis their performance plan in a logical & rational manner.
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This step pertains to encouragement, support,& visibility which the manager provides to the employees for making the correct progress in work as per the performance plan. This help in bringing more commitment & developing ownership among the employees
Step 3-Improvement plans-Generally,itis felt that only employees lacking in performance needs to be given improvement plans.However,it only partially correct as good performers also need to be given performance improvement plans in order to keep abreast with the latest changes and development with in & outside the organization. Managers must devise appropriate tools,techniques,and methodologies for improving performance of all employees on continuous basis