Performance Management Policy
Overview & Purpose
The purpose of this policy is to define how [Company Name] supports employee performance through clear expectations, feedback, and development. It ensures that all team members understand their roles, receive timely input, and are recognized for contributions. This policy also helps identify and address performance concerns early and constructively.
Scope
This policy applies to all employees of [Company Name], including full-time, part-time, and contract staff.
Policy
1. Goal Setting
- Managers and employees are expected to establish clear, measurable goals aligned with company priorities.
- Goals should be reviewed and updated at least semi-annually.
2. Ongoing Feedback
- Managers are encouraged to provide regular, informal feedback throughout the year.
- Feedback should be timely, specific, and focused on behaviors, outcomes, and opportunities for growth.
3. Performance Reviews
- Formal performance reviews will be conducted annually.
- Reviews will include self-assessment, manager feedback, and development planning.
4. Documentation
- Performance documentation (goals, reviews, and improvement plans) should be stored securely and treated as confidential.
- Access is limited to the employee, their manager, and HR or designated personnel.
5. Addressing Performance Issues
- If an employee’s performance does not meet expectations, the manager will provide coaching and may initiate a performance improvement plan (PIP).
- PIPs include specific objectives, support resources, and defined timelines.
6. Recognition and Advancement
- High-performing team members may be recognized through promotions, raises, or public acknowledgment, based on business needs and budget.
- Recognition practices may vary by department but must be equitable.
Compliance
All employees and contractors are expected to comply with this policy. Violations may lead to disciplinary action, including termination of employment or contract. Exceptions must be approved in writing by an executive team member.
Review History
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