📝 One-liners · 66 cards
PERFOMANCE MANAGEMENT
What is Performance Management in the context of banking organizations?
Performance Management is a continuous process of identifying, measuring, and developing the performance of individuals and teams, aligning their performance with the strategic goals of the bank.
What is the primary difference between performance appraisal and performance management?
Appraisal is periodic review; management is continuous ongoing process.
What is the primary purpose of a Performance Appraisal system in banks?
The primary purpose is to evaluate an employee's job performance against pre-set targets, provide feedback, and inform decisions on promotions, increments, training, and career development.
What is the concept of Pay-for-Performance in bank HR management?
Linking employee compensation directly to measured performance outcomes.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for PERFOMANCE MANAGEMENT.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days