The chief duty of a performance manager is to monitor and improve the performance of employees in their company. To do this, they use organizational objectives and performance standards as bases. Usually, they are part of the human resources department and may also participate in hiring and training employees.
The work responsibilities of a performance manager may vary widely, but in general, these include analyzing performance data, evaluating employee performance using KPIs, conducting statistical performance analysis, and participating in the development of training materials as well as hiring standards. Sometimes, they also conduct interviews to help hiring managers to select the best talent.
The typical requirements for this role are a degree in business, management, or something similar, as well as prior work experience in a similar role. Most of the time, performance managers are also former hiring managers or team supervisors.
Since the performance of employees is imperative to a company's success, a performance manager's role is crucial. Hence, they make a high average salary of $104,000 per year, roughly $50 an hour.