Get up to 30% off your annual plan for a lifetime!
(Ends June 30)

Get up to 30% off your annual plan for a lifetime! (Ends June 30)

What Is Performance Management?

Performance management is an ongoing process where managers work together with your employees in setting and achieving objectives. Part of managing performance is keeping an open and well-managed feedback loop to develop employees and ensure their effectiveness. Having a well-conceived performance management policy, as such, is vital to ensuring to start off strongly towards promoting a high-performing culture in your business.

What should you consider including in your Performance Management Policy?

Performance management process

You should step out the process clearly from the very start so there is no confusion between management and employees. This includes the parties involved in the process, and the expectations and obligations of the parties.

Unsatisfactory performance

Handling unsatisfactory performance can be a sensitive issue and has potential for conflict. To minimise disputes, you should step out the process of dealing with employees where performance is unsatisfactory. This includes the issues that should be addressed in the meetings, the implementation of an improvement plan, and at what point would an employee be given a final warning.

Disciplinary action

If the employee fails to improve their performance, rules must be set around how that will be dealt with. The scope of disciplinary action available should cover all degrees of unsatisfactory performance, ranging from an extra review meeting to termination. Further, the principles of managing unsatisfactory performance should be stepped out. For example, the policy can include the parties’ right to an unbiased assessment, and a right to a fair and thorough investigation

Contact person

It is important to include a person whom the employee(s) can contact if they have a query about the policy, or think they are being treated in contravention of the policy. This person can be the HR manager or a member of the management team.

If you do not have a Performance Management Policy, you can create one with LawPath in under 10 minutes.

Unsure about what you should include in your Performance Management Policy? Contact a LawPath Consultant on 1800 LAWPATH.

Most Popular Articles
You may also like
Recent Articles

Get the latest news

By clicking on 'Sign up to our newsletter' you are agreeing to the Lawpath Terms & Conditions


Register for our free live webinar today!

Funding and Legal Checklist for Your Business

12:00pm AEDT
Tuesday 25th June 2024

By clicking on 'Register for webinar' you are agreeing to the Lawpath Terms & Conditions

You may also like

Want to open a pet shop but not sure how? This article teaches
Want to know how to start a podcast? This article delves into all the steps you need to take to start a podcast.

Thank you!

Your registration is confirmed. Keep an eye on your inbox for an email with details on how to watch the webinar.