Absolutely. I promote a 6 point model.
1. Ensure there is a clear definition of what success is.
2. Actively engage with your employee to help them achieve success.
3. Evaluate their skills and abilities to reach success.
4. Inspect what you expect -make sure they are succeeding.
5. Is the employee satisfied with his job and the company.
6. Does the employee feel and participate as part of the team -do they fit.

Best way to ensure the employee is engage - the 3 questions that must be asked:
1. Ask them to tell you what success looks like.
2. Ask then to explain how they are going to achieve it.
3. As them to express any concerns, issues, assistance or obstacles.

Based on those 3 questions you can ensure the team member has a clear path to success.