Performance, pay & rewards · Core
Performance management
Also called: employee performance management
ELI5
The system for setting expectations, reviewing results and developing employees.
Used in conversation
“The announcement should not get ahead of the agreed process for performance management.”
Pitch context
You will see “Performance management” in organisation plans, workforce reviews, change programmes and people reports when the discussion reaches performance, pay & rewards.
Why it matters: In performance, pay & rewards, a loose definition can change rights, obligations, approval, disclosure or enforceability.
Caution
Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.
Sources & evidence · 2
Direct term-level sources and supporting source families.
- U.S. Bureau of Labor Statistics — BLS GlossaryDirect source · primary · checked 2026-08-16
- OECD — G20/OECD Principles of Corporate Governance 2023Direct source · institutional · checked 2026-08-16