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Last updated 06/11/21 A performance management strategy can ensure your employees’ activities and output are in line with your wider business’ objectives and can be critical to business success and employee productivity. The benefits of an effective performance management strategy include: Highlighting training gaps and where further training is needed. Boosting employee morale and in turn, productivity and performance. Helps identify the right employees for promotion. Improves workforce planning, including managing workloads and delegation. Boost employee retention/reduces employee turnover. Gives employees more autonomy to manage their responsibilities. What is performance management in HR? Defined by the CIPD as “the activities…