Performance management is an organizational strategy used to ensure that employees are working towards achieving their goals and objectives. It is a structured process that consists of setting goals, providing feedback, recognizing and rewarding performance, and developing employees. A performance management program involves the development and implementation of a system for evaluating, monitoring and improving employee performance. The program is typically developed in conjunction with the organization’s strategic goals, and should include methods for tracking employee performance as well as identifying areas for improvement. The program should also include methods for providing feedback and support to employees in order to help them develop and improve. Performance management should also include methods for recognizing and rewarding employees for superior performance, such as bonuses and incentives. Performance management is an essential part of an organization’s overall success, as it is designed to ensure that employees are working towards achieving their goals and objectives in an efficient and effective manner. It is important for organizations