Manager InterviewIn your own words, what do you think the phrase “Performance Management” means?Performance management is a combination of activities carried out by the human resource department, to ensure that the organization benefits maximally from its employees. These activities may include talent identification, training, career development and performance measurement. Is there a performance management process in our organization?There is a performance management process in my company. The first part is setting organizational goals to determine the direction of the company. The second is job analysis. This is the process of identifying what a job entails. The other steps include hiring, setting personal goals, employee training, performance measurement using performance indicators, and remuneration. These processes work together to ensure that the company gets the highest performance possible from its employees. Yes/No – ask the following based in previous response.a. Is so, what are some performance goals?To reduce new hiring to less than 5 employees annually To retain 80 percent of employees identified as top performers until their retirementTo introduces automated performance appraisal to complement human employee appraisal by the end of 2018b. If not, what are some goals that would be used if we