What Is a Performance Management Cycle?

The performance evaluation cycle can also be called the performance evaluation period, which refers to how often the employees perform the performance evaluation. Performance appraisal is also commonly referred to as performance appraisal or performance appraisal. It is based on the work undertaken by each employee in the enterprise. It applies various scientific qualitative and quantitative methods to the actual effect of employee behavior and its contribution or value to the enterprise Perform assessments and evaluations.

Performance evaluation cycle

Due to the need for performance assessment, too short the assessment cycle will increase the management cost of the enterprise; however, too long the performance assessment cycle will reduce the accuracy of the performance assessment, which is not conducive to the improvement of employees' work performance, thereby affecting the effectiveness of performance management .

Therefore, in the preparation stage, an appropriate performance evaluation cycle should also be determined.

Performance assessment cycle can be generally divided into monthly assessment, quarterly assessment, semi-annual assessment and annual assessment. In addition, according to the different industries of the enterprise, in some special cases, there will be quarterly assessment, weekly assessment and project node assessment.

The performance assessment cycle is determined, and the following factors need to be considered:

1. The nature of the position. The content of work is different for different positions, so the cycle of performance evaluation should also be different. Generally speaking, the job performance of a post is relatively easy to assess, and the assessment cycle is relatively short.

2. The nature of the indicator. Different performance indicators are different in nature, and the cycle of assessment should also be different. Generally speaking, for indicators with stable properties, the assessment cycle is relatively long; on the contrary, the assessment cycle is relatively short.

3. The nature of the standard. In determining the evaluation cycle, the nature of the performance standards should also be evaluated, that is, the time of the evaluation cycle should ensure that employees can achieve these standards through hard work, which is actually related to the appropriateness of the performance standards.