Strategic management deals with the long-term goals of a business rather than the day-to-day operations. These plans often make projections that extend three to five years out. In addition to creating ...

Not every business is filled with star employees who consistently meet or exceed the expectations placed on them. For employees who don’t fall into that category, the responsibility of helping them ...

A Performance Improvement Plan (PIP) is a tool designed to give an employee with performance deficiencies the opportunity to succeed. It may be used to address issues with meeting specific job goals ...

Do you have an underperforming employee who has been falling short of your standards recently? Have they caused a string of performance failures, such as missed deadlines, gotten poor customer ...

Performance-based bonuses are incentive systems for a company's employees that tie personal and teamwork efforts to financial rewards for the individual employee and team. Individual bonuses are used ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. A performance improvement plan can provide clear expectations ...