Performance and talent: Essentials of performance and potential management

Abstract

This chapter provides an overview of the design and the organization of performance and potential management with a focus on the aspects of human resources development. Related topics such as performance-based remuneration are mentioned as a component of performance and potential management. A more detailed description of the design of such remuneration systems is described in this chapter.This chapter illustrates the relevance of structuring performance and potential management for the employees and supervisors involved, as well as viewing their expectations (people perspective). The section regarding the economic perspective describes the company’s outlook on performance and potential management, its added value, the necessary investment, the importance for company culture, and, last but not least, the success of the company. The section regarding the risk perspective provides an overview of the risks which accompany these opportunities. The section on the operational perspective offers advice regarding the processes and required infrastructure for successful performance and potential management.