What Is Performance Management

Performance Management

Performance Management as a tool is a great way to ensure that the goals of the employees meet the goals of the organization. When this is ensured, the productivity increases, the employee turnover decreases, and a long term loyalty are established.

Performance Check-in

One of the more effective methods to manage employee performance is performance check-in.

This is a series of interviews between the employee and the employer about their performance, their goals, their work, and their expectations with the company. Based on the organization, they happen weekly, monthly, or yearly.

This ensures that employee voice is heard and a continuous process of performance management is set up. And to accomplish these goals, 57% of the organizations use specific performance management technology.

Future of Performance Management

In the coming few years, performance management will be employee-centric.

It will focus on constant upskilling and increasing the quality of human resources in the office rather than the quantity. This will not only make the organization stand strong in the market with a solid workforce but will also ensure the employees that leave out of the organization are skilled in various verticals.

The performance management system should ensure that the feedback focuses more on their strengths and not the other way round.

A study suggests that when employee feedback focuses on the weakness of the employee, there is a 27% decline in performance.

This applies to everyone in the organization. Right from the entry-level employee to the managers, everyone needs their performance tracked, feedback given, and their tasks managed. 

It is quite simple, when the employees receive appreciation and acknowledgement for the work they do it enhances their productivity, and if they are guided in the right path in case of diversions, it helps them evolve and grow.

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Do you know what increases work productivity? Appreciating your peers whenever possible.

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