The performance management process should provide feedback on what the individual is doing well and what can be done better or differently. It is the basis for improved performance and overall professional development. The performance appraisal document is only one element of the performance management process, which begins with each manager setting specific goals and expectations for each employee to measure success in the job. 

The primary benefits that will be observed and measured once an organization introduces strategic performance management include:

• Engaged Employees: By providing ongoing feedback, clarity of direction and the promotion of personal/professional development for employees in every department and at every level, significantly increases the chances of an organization’s strategy being effective.
• Strengthened Leadership
  Key essential skills are required for leaders of people including Giving Feedback and Coaching. The development and leveraging of these core leadership competencies are critical factors to realizing goals and ultimately pushing through effective problem-solving, critical thinking, and decision-making.
• Improved Communication
  When a strategy is communicated well at a widespread level, employees can consider their goals and tactics identifying where it is they specifically add value, which leads to clarity of direction and improved productivity levels.
• Business Objectives Achieved
  A successful performance management strategy is evidenced by key strategic initiatives and core business objectives attained. When an executive team can review that its critical projects and goals have been met, there is much reason to celebrate these successes.
• Strategic Performance Management Tips
  After adopting effective process and management strategies, a company should soon begin to see organizational growth and success. Try the following performance management strategies to begin the process in your own organization.