Why is performance important?
As a business owner, performance management is critical to making decisions related to training, career development, compensation, transfers, promotions, and termination. It allows you to set clear goals and expectations for each employee and provide feedback about their performance related to those goals.
Performance management is also valued by employees, as it can offer opportunities for them to grow within your organization and advance their career. Employers who don’t actively provide feedback and opportunities for training and advancement could risk losing quality talent or finding themselves in the crosshairs of a wrongful termination claim.