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What does performance management encompass?

Fostering employee friendships in the workplace

Planning, monitoring, reviewing, and rewarding employee performance

Performance management encompasses various processes aimed at improving individual and team performance in alignment with the organization's goals. The correct choice highlights planning, monitoring, reviewing, and rewarding employee performance, which are all critical components of effective performance management.

Planning involves setting clear expectations and objectives for employees; this provides them with a roadmap for what is expected in their roles. Monitoring refers to the ongoing assessment of employee performance against these objectives, ensuring that employees are on track to meet their goals. Reviewing typically occurs at scheduled intervals, such as performance appraisals, where feedback is given, and development areas are identified. Finally, rewarding involves recognizing and incentivizing high performance, which can boost employee morale and motivation.

These elements work together to create a structured approach to managing and improving employee contributions, fostering a sense of accountability and driving overall organizational success. Other choices, while related to the workplace, do not encompass the holistic nature of performance management in the same way.

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Conducting job interviews

Organizing company events

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