What is performance review in SAP LOD-SF-PM - Performance Management?

SAP Term: performance review

• Component: LOD-SF-PM

• Component Name: Performance Management

• Description: The process of evaluating an employee's performance, including the completion of the relevant form by multiple roles and the conversation that takes place between the reviewer/manager and the employee.

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• Key Concepts: 
  Performance review is a process used in SAP's Performance Management (LOD-SF-PM) component to evaluate an employee's performance. It involves setting goals, assessing progress, and providing feedback to the employee. The review is conducted by the employee's supervisor or manager and is used to identify areas of improvement and recognize successes. 
  
  How to use it: 
  The performance review process begins with setting goals for the employee. These goals should be specific, measurable, achievable, relevant, and time-bound (SMART). Once the goals are set, the supervisor or manager will assess the employee's progress towards those goals throughout the review period. At the end of the review period, the supervisor or manager will provide feedback to the employee on their performance. 
  
  Tips & Tricks: 
  When conducting a performance review, it is important to be clear and concise in your communication with the employee. Make sure to provide specific examples of successes and areas of improvement. Additionally, it is important to be open to feedback from the employee and provide them with an opportunity to ask questions or provide their own input. 
  
  Related Information: 
  For more information on SAP's Performance Management component, please visit https://help.sap.com/viewer/product/LOD_SF_PM/Cloud/en-US. Additionally, for more information on how to conduct effective performance reviews, please visit https://www.mindtools.com/pages/article/newPPM_82.htm.