Final answer:
Performance management is a process used by organizations to help employees perform to the best of their abilities. Step 5 involves conducting development and career opportunity discussions with employees.
Step-by-step explanation:
Performance management is a process used by organizations to help employees perform to the best of their abilities in alignment with the organization's goals. It involves ongoing feedback and goal-setting, rather than just annual performance reviews. The fifth step in the performance management process is to conduct development and career opportunity discussions with employees.