You have just been hired as the vice president of human resources of a start-up tech company. The company's chief executive officer (CEO) has a business background, while the remaining senior managers have technology backgrounds. The CEO would like to initiate a performance management system, but the remaining partners think that performance management is a waste of time and that resources should be put into product development and sales. You have been tasked with explaining the value of performance management.

Please read this article: What Is Performance Management? The Complete Guide.

3-5pgs

What is performance management?

• Why is performance management important to organizations?
• What are the components of a performance management system?
• What factors do managers and employees need to succeed in an effective performance management system?

Use this template to complete this assignment: U1 IP Template.