Posted on 1st Jun, 2021
Performance management refers to a corporate management tool that helps employers and managers monitor and evaluate their employees' work. The goal of performance management is to establish an environment where individuals can perform to the best of their abilities, and work towards producing the highest possible quality of work, in the most efficient and effective manner.
Having a formal performance-management program in place in organizations of any size, helps managers and employees be on the same page regarding expectations, goals, and career progress; including how an individual’s work lines up with respect to the company's overarching vision. Typically, performance management views each person in the context of the broader workplace system.
Performance-management programs also aim to define what effective performance looks like and develop processes to measure performance. They do so by using traditional tools such as creating and measuring goals, objectives, and milestones. However, instead of simply using the traditional paradigm of year-end reviews and appraisals, performance management focuses on turning every interaction with an employee into an opportunity to learn.
Focusing on constant accountability builds an improved, and more transparent work environment. Emphasizing regular meetings can also facilitate a significant improvement in overall communications. As performance management serves to establish concrete rules, further, everyone – be it employer, manager, or employee – has a clearer understanding of the expectations. When there is clarity in such expectations, the workplace is automatically less stressful. Employees are no longer trying to impress their managers by doing random task, and the managers are not worried any more about how to tell employees that they are not performing well. If the system is working, they probably know it already.
Specifically, employing performance management techniques and tools, managers can adjust workflow, recommend new courses of action, and make other decisions that will assist employees in achieving their objectives. This, in turn, will support the company to achieve its goals and perform at its best.
At Gennext Strategy Advisors we provide outsourced HR services to small to mid-sized businesses, so that you can focus on what your company does best, and we help you meet your HR need through our expertise.
Our services help businesses like yours keep HR costs contained, reduce employer-related risks, and decrease the administrative burden of HR. With any small business, it is the little things that really matter; and we at GSA we can support you through your journey, with high quality outsourcing of your HR processes. This will not only offer you expert HR services at a fraction of the cost of maintaining an HR team, but will also allow you to concentrate on building or running your business safe in the knowledge you have experts on hand to guide you through the minefield of the latest legislative requirements and best practices.
Specifically, with regards to performance management, our team at GSA is not only backed by significant experience in the domain of HR and people management but are also constantly in touch with key players across industry to learn from and update our knowledge and repertoire of performance management tools, techniques, and frameworks, in a bid to offer the best possible solutions to our clients.