Discuss the below:
You have been asked to return to your alma mater and speak to current students about performance management issues. To make the most of this experience for yourself and the students, create a 3-5 page paper that details the following: the concept of "performance management"; the most prominent types of performance management plans; its impact on the employee and the organization; the relationship between performance management and compensation; and factors that should be considered when successfully implementing performance management within an organization.