<ul data-eligibleForWebStory="true"><li>Performance management systems have evolved to focus on authentic conversations and growth opportunities.</li><li>Effective systems include planning, monitoring, development, evaluation, recognition, and alignment for success.</li><li>Benefits include increased engagement, productivity, data-driven decision-making, and better alignment with goals.</li><li>Best practices involve setting clear standards, using goal-setting frameworks, integrating feedback, and promoting transparency.</li><li>Creating a system that inspires great work involves clear goals, regular feedback, growth opportunities, and recognition.</li></ul>

Performance management systems: Key elements, benefits, and best practices

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