What is a performance management cycle and what are the typical stages?
A performance management cycle is the recurring sequence of activities through which an organization manages employee performance over a year. Typical stages include goal setting at the start, ongoing feedback and check-ins through the year, mid-year review, end-of-year evaluation, calibration across managers, and compensation/promotion decisions. The cycle usually aligns with the fiscal year. Many organizations have shifted from purely annual cycles to continuous feedback augmented by formal annual review.
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