What are the components of performance management process?

 The components of performance management process:--

1. Performance Planning: Performance planning is the first crucial component of any performance management process which forms the basis of performance appraisals.

    

   Performance planning is jointly done by the appraisee and also the reviewee in the beginning of a performance session. During this period, the employees decide upon the targets and the key performance areas which can be performed over a year within the performance budget., which is finalized after a mutual agreement between the reporting officer and the employee.

    

2. Performance Appraisal and Reviewing: The appraisals are normally performed twice in a year in an organization in the form of mid reviews and annual reviews which is held in the end of the financial year.

    

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