Factsheet - Performance Management

Factsheet

Performance Management

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Factsheet

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Author

IIA-Australia

Date

2024

Topics Explored

Governance, Soft Skills

Format

Factsheet

Extract/Description

Employee performance in the workplace is the process of continuous communication and feedback between a manager and employee to create an environment where people can continually improve to perform to the best of their ability and in alignment with organisation strategy and objectives.

Key Points

1. A focus on accountability in the workplace can encourage a healthy, transparent and more enjoyable work environment with stronger communication. 

2. Performance management is established within a defined system leading to clearer mutual understanding between managers and employees. 

3. When expectations are clear, workplace relations can be clearly understood and be less stressful.

4. Performance management features are planning / developing / monitoring / evaluating / recognition.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

No