Annual Performance Agreement Wikipedia

Counterparties used performance agreements to define each member`s role in the partnership. This helps to avoid quarrels about who puts more work in the company. In the event of a dispute between the partners, this document can also be used to represent the partner who feels hurt. Each partner signs the agreement and describes its own performance targets. How performance management is applied is important to get the most out of the group. It can have a positive impact on the daily performance of staff. To avoid negative effects, it must be applied in such a way that it does not promote internal competition, but rather teamwork, cooperation and trust[5].

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