Performance Management is making sure the employee and the organization are focused on the same priorities. It touches on the organization itself by improving production and reducing waste. It helps the employee or individual set and meet their goals and improves the employee manager relationship. The key in keeping an organization and employee aligned, which improves performance and productivity, is Performance Management.
Performance management helps the organization and employee have a stream-lined relationship which improves communication and interactions between the two groups. It helps close any gaps that exist in an employees' skill-set and make them a more valuable employees through feedback and coaching.