What is the continuous process of identifying, measuring, and developing the performance of individuals and teams called?

The continuous process of identifying, measuring, and developing the performance of individuals and teams is referred to as performance management. This framework encompasses various activities designed to monitor and enhance organizational performance through systematic feedback, ongoing communication, and goal-setting. Performance management is critical because it aligns individual and team objectives with the broader organizational goals, ensuring that everyone is working towards shared outcomes.

Through this process, managers and employees engage in regular conversations that focus on performance expectations and outcomes, providing opportunities for coaching and support. It also incorporates feedback mechanisms that can aid in identifying development needs, recognizing achievements, and addressing performance concerns. As a result, effective performance management fosters a culture of continuous improvement and learning within an organization.

While other concepts like employee development, performance appraisal, and team development are related, they do not capture the full scope and ongoing nature of the comprehensive process that performance management entails. Employee development focuses primarily on enhancing individual skills and career growth, while performance appraisal refers to the evaluation aspect, typically conducted at specific intervals. Team development emphasizes improving team dynamics and effectiveness rather than the systematic tracking and addition of performance metrics which is inherent in performance management.