What Are the Three Key Components of Business Performance Management

question 34

Essay

What are the three key components of business performance management (BPM)?

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Definitions:

Orientation

An introductory phase or process designed to acquaint new employees with the workplace, its policies, and procedures.

Job Assessment

The evaluation of a job's responsibilities, requirements, and importance within an organization to determine appropriate compensation, classification, and staffing needs.

Work Units

Refers to the divisions within a workplace or the smallest identifiable groups working towards a common goal.

Performance Appraisal

A systematic evaluation of an employee's performance in their job, often including feedback and discussion of objectives.