The performance planning is a formal process in organizations for discussing, identifying and planning the organizational as well as individual goals which an employee can or would achieve in coming appraisal or review cycle. The performance and planing are done both but the employer as well as employee through a proper plan called development plan.
Performance plans are decided between the supervisor and employee working together. They together determine the performance expectations and development objectives to be accomplished during the review period. They discuss goals, objectives and expectations for the review period. The process helps to improve the communication and discuss the career development plan of the employee. The objective and need for performance planning is required:
1. To come to agreement on the individual’s job responsibilities
2. To remove any ambiguity of the goals and objectives that needs to be achieved
3. To identify the competencies required for doing the job
4. To create an appropriate performance and career development plan for the individual