What is a key component of the Performance Management Model?

A key component of the Performance Management Model is that it encompasses both feedback and improvement plans. This aspect is crucial because performance management is an ongoing process aimed at enhancing employee performance through regular communication between managers and employees. Feedback is essential as it provides employees with insights into their performance, allowing them to understand their strengths and areas for improvement.

Incorporating an improvement plan further supports this process by outlining specific actions and goals for development, helping employees to actively work on the feedback received. This holistic approach fosters a culture of continuous growth, enabling employees to feel more engaged and empowered in their roles.

While the other elements mentioned may play a role in performance management, they do not encapsulate the comprehensive nature that effective feedback and improvement plans provide. For instance, relying solely on annual reviews would not facilitate ongoing development, just as performance appraisal documentation alone lacks the interactive component necessary for meaningful growth. Similarly, employee self-appraisal can be beneficial, but without the structured feedback and improvement strategy, it may not fully contribute to overall performance enhancement.