Performance Management Systems and Strategies

PERFORMANCE OBJECTIVES AND STANDARDS

Performance objectives and standards are the most common methods to define the basis for measuring performance results. Using these objectives and standards, managers can provide specific feedback to describe the gap between the expected and actual performance. For every job position, it is desirable to define the performance objectives and standards to track the results of employees' performance. A finer distinction between the performance standards and objectives can be made: while standards are more related to job-task completion and can be tracked to the individual-level performance, objectives are more aligned with the overall organizational performance, leading to the achievement of business goals. Both ...