Identify the most prominent types of performance management plans.

Bus 681 week 2 assignment

The most prominent types of performance management plans include goal setting, feedback and coaching, evaluation and rewards. Goal setting involves establishing specific objectives for employees to strive towards. Feedback and coaching allows managers to provide timely feedback on employee performance and help them develop the necessary skills to improve it. Evaluation requires that organizations assess employee performance against predetermined criteria in order to identify areas for improvement. Finally, organizations use rewards such as bonuses or recognition programs to reward employees for achieving desired results or meeting certain goals.