ECONOMICS

Detailed explanation-1: -Performance management is defined as the process of continuous communication and feedback between a manager and employee towards the achievement of organizational objectives.

Detailed explanation-2: -Employee performance management includes: Planning work and setting expectations • Continually monitoring performance • Developing the capacity to perform • Periodically rating performance in a summary fashion • Rewarding good performance.

Detailed explanation-3: -Continuous performance management is a modern, human-centered approach to promoting, evaluating, and improving employee performance. It enables your organization to create a trusted environment in which employees feel empowered to take control of their own development.