Employee performance management is an essential component for improving, developing, and achieving your organization’s overall business strategy. While it may take a bit of trial and error, finding the right balance of coaching, mentoring, feedback and assessment for your team will ensure the best possible performance results for your organization.
We’re all familiar with the traditional employee performance review process featuring the usual gamut of uninspiring questions on the achievements of an employee since their review from the previous year.
This type of employee performance evaluation process is generally conducted on paper, and is rather bland, uninformative, and not at all strategic! It provides you with no real insight into the progress of the employee, no coaching or feedback to ensure the employee is actually meeting the strategic objectives of the company, nor does it shed light on the employee’s future growth within the company or their career aspirations.
What does performance management REALLY mean?
Performance reviews are part of a larger process built around a performance management plan. Ideally, managers and employees work together to structure, monitor, and review the employee’s work objectives as they relate back to the overall strategic direction of the organization. Performance reviews are a critical element of a performance management plan, which involves the ongoing process of:
- Setting goals, objectives, and expectations.
- Assessing employee progress on assigned tasks.
- Providing ongoing training and feedback to ensure that employees are meeting their objectives and career goals.
Setting clear and specific expectations with more frequent manager/employee communication helps to ensure that staff understand exactly how their work contributes to the achievement of the overall strategic plan for your business. This in turn is what will help to drive the success of your organizational performance outcomes. And, as an added bonus, your employees will start to feel happier and more engaged at work, as well as more committed to the success of the business as a whole. That’s what we call a win-win situation!
Performance management solutions are in demand
Forward-thinking organizations are now looking to equip their management teams with solutions that support them in their efforts to engage their staff and connect them back to the overall strategy of the business. The use of employee performance management solutions combined with strategic HR plans allow senior management to efficiently direct their focus towards achieving organizational and individual employee goals.
Looking to boost your performance management strategy? Schedule a free demo with one of our experts to see how your organization could benefit from a streamlined solution to employee performance management!