14 Feb 2012 · Connect
Last week I introduced you to the idea of performance management.
It’s something managers do either actively or passively anyway. You, your company and your employees will all be better off if you take a proactive approach to performance management.
Using my garden metaphor again, you either plant the crops you want and weed out the unwanted, train your beans to climb or sculpt your hedges the way you want. If you do nothing you will still have a garden, but it will soon become an unruly, unproductive mess.
The Connect approach to performance management helps talented people reach their full potential, empowers employees to actively contribute to the goals of the company, and rewards personal contributions and gains greater employee commitment and retention.
Performance Management Principles
Meaningful and constructive – align employee activity with business objectives, strategies and priorities. Provide clear links between performance, career development, promotion, job assignments, learning and compensation. Support a performance-driven culture characterized by frequent chats and coaching. Reflect a balance between past performance and future development.
Fair and Responsible – take into account a range of criteria, including commercial values and ethical principles. Use quality information about a person’s potential and suitability for other positions or additional responsibilities in relation to succession planning.
Simple and flexible – set up easy and efficient methods of measuring success using key performance indicators. Make sure one rule applies to your entire organization. Use technology where possible or practicable. Every good training plan is flexible enough to meet the needs of different areas of your business.
Timely and measurable – enforce a systematic process that measures each individuals overall contribution to the company based on KPIs. Enable regular exchange of feedback and results to meet expectations of both individual and company team.
Next week we’ll take a look at key components of performance management.
But in the mean time feel free to suggest topics or areas of interest you appreciate covered off using the box below.