Common use of Performance Management and Development Clause in Contracts

Performance Management and Development. 31.1 IBA remains committed to a Performance Management and Development System characterised by constructive, two way and regular feedback. Further guidance is available in the System’s Policy and Procedures. 31.2 All continuing employees and temporary employees engaged for three months or more will participate in the scheme and each will prepare a Performance Agreement within three weeks of commencement. 31.3 The Performance Management and Development System will have the following key features: (a) a 12-month cycle commencing each year on 1 May; (b) ongoing discussions between employees and managers, (c) a mid-cycle and end-of-cycle review;