the questions is Explain the purpose and components of performance management:

the comment in my answer is

There is a brief explanation of the purpose of performance management.

I should explain the components of performance management - e.g. the place of job descriptions in performance reviews; training and development plans; informal and formal reviews; workplace policies and procedures; performance management data.

this is my answer:

1. Communication that promotes productivity:

The goal of Performance Management is to ensure that the organization reaches its goals effectively and efficiently.Communication, teamwork, and collaboration are encouraged so that, an organization can perform well.

2. Regularly providing feedback:

Performance management provides employees with regular, real-time feedback.

Performance management systems are influenced or affected by the following factors:

• Scorecard for balancing performance
• Effective leadership
• Management commitment within the organization
• The training of all employees
• Culture of performance-based rewards
• Management of rewards
• Resources internal to the organization
• Engagement of employees
• Planning etc.

Performance management systems are influenced or affected by the following components:

• Efficiencies
• Accuracy and Fairness
• Review of managers
• Elevating performance
• Surveys of engagement
• Communication on-going

Recognition of social contributions, setting of goals, etc.