Performance analysis is the practice of evaluating the quality of employee performance to determine whether they are meeting the company expectations. It is used either to achieve a performance improvement or to ensure that the performance of an employee remains at an acceptable level. Regular performance analysis is necessary because it allows companies to track employee progress and ensures that employees can get timely increments when needed.
Employees are assigned goals or tasks that they must achieve within a defined period. Completing the goals in the right way brings them a sense of accomplishment and their performance can be judged based on that.
HR performance metrics include measuring employees’ productivity, efficiency and contribution to the organization.
It is a set of practical, well-though out steps that enable employees to achieve the company goals.
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