Your policy must state how the company promotes and rewards a culture of performance. IN a challenging economic environment like ours, the only way to ensure the continued viability of companies is to focus on performance and reward it accordingly. What should be on the minds of executives is how they can effectively measure and manage performance at all levels within their organisations. However, there are two challenges that companies face in trying to manage performance: Implementing the performance management system and maintaining the system. Apart from implementing a performance management system, it is important for companies to clearly define the performance goals and implementation methodology of the system. Without a clear policy, performance management risks…