Setting goals for performance evaluation

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Setting goals is the first step in performance management, as it helps you and your team agree on what is expected of them.

Performance goals are objectives or targets that a professional must achieve within a given period (usually one year) in order to have a good performance evaluation. Performance reviews determine year-end bonuses, salary increases and staff promotions.

When set realistically, performance appraisal goals motivate staff to work hard and meet their objectives in order to earn a good evaluation.

Goal setting and performance reviews are essential aspects of performance management and getting them right is vital for the sake of company performance.

In this article we will discuss goal setting for performance reviews and the most effective way to set team goals.

Understanding Performance Appraisal and Performance Management
People often use performance appraisal and performance management interchangeably, but hospital mailing email list incorrectly. These are two different concepts, which we will clarify for you in this section.

Performance appraisal or performance review is the process of evaluating each employee's job performance and contribution to the company. It is usually done annually and its purpose is to help employees learn and grow.
Companies also use appraisals to identify top performers for reward and recognition programs.

Performance management
Performance management, on the other hand, is a broader concept, and appraisals are part of it. It encompasses everything from setting goals to monitoring each employee's progress, to providing feedback and rewarding good performance.