What is the correct sequence of the performance management cycle?

The performance management cycle is a systematic process that involves several key stages aimed at improving organizational performance and individual employee development. The correct sequence starts with the planning phase, where specific performance objectives and expectations are established. This initial step is crucial because it sets the foundation for what is to be achieved.

Following planning, the implementation stage occurs, where the established plans are put into action. This stage is about executing the tasks and responsibilities defined in the planning stage.

The next step is monitoring, which involves assessing ongoing performance against the set objectives. It's essential to track progress throughout the implementation phase to identify any potential issues or deviations from the plan.

Next is the review phase, where the overall performance is evaluated. This stage is critical for gathering feedback and assessing the effectiveness of the actions taken during the implementation.

Finally, the reward stage recognizes and rewards employees for achieving their performance objectives, which is vital for motivation and encouraging continuous improvement.

Understanding this sequence is important as it helps in aligning organizational goals with individual performance, ensuring that all members of the team are working together effectively towards common objectives.