📝 One-liners · 66 cards
PERFORMANCE 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 purpose of a performance calibration session in banks?
To ensure consistency and fairness in performance ratings across teams.
What is the primary objective of a Performance Management System (PMS) in banks?
The primary objective is to improve organizational effectiveness by ensuring that individual and team performance is aligned with the bank's strategic objectives and business goals.
What is a cascade approach in performance goal setting in banks?
Aligning individual goals downward from organisational strategic objectives.
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