Question

Performance management is a set of processes and managerial behaviors that involve defining, monitoring, measuring, evaluating, and providing consequences for performance expectations.

Answer 1

Answer:

True

Explanation:

Performance management refers to defining criteria for evaluation of performance.

It involves processes via which employees and managers work in coherence to plan and review work objectives of different employees and how effectively they contribute towards organizational goals and objectives.

Such a process is responsible for evaluating the performance of employees with respect to their respective contribution towards goals and involves measuring such performance as per the standards to performance.

The process helps in identifying performance deviations from expected standards and the corrective action which is required to be taken.