What is the goal-oriented process directed toward maximizing productivity of employees and teams?

The focus on maximizing productivity of employees and teams is fundamentally about aligning individual and team efforts with the organization's objectives, which is precisely the aim of performance management. This process involves setting clear expectations, providing feedback, and evaluating and developing employee performance in a way that drives productivity and results. It is a continuous cycle that adapts to both the changing needs of the organization and the growth of its employees.

While recruitment is vital for bringing talent into the organization, it primarily deals with the sourcing and hiring of candidates rather than managing ongoing productivity. Employee relations focuses on maintaining a positive work environment and addressing any issues that may arise between employees and management, which, while important for overall morale, does not directly relate to the ongoing strategic objectives of productivity. Compensation management pertains to how employees are rewarded for their work, which is essential but does not encapsulate the broader, more strategic process of enhancing productivity across teams. The goal-oriented nature of performance management aligns it closely with maximizing employee and team output, making it the best answer to the question posed.