For many small to medium size companies, finding the time to proactively manage employee performance is difficult. The emphasis is more often on increasing revenues and achieving stability, especially in the early days. However, as businesses grow, the need for improving staff engagement, productivity and loyalty becomes increasingly important. It is at this critical stage that Performance Management can mean the difference between businesses that experience sustained growth and those whose momentum falters.
Even when organisations are aware of the importance of Performance Management, the tendency is to carry it out in an ad hoc manner. Such methods work with a low headcount, but as this increases, more formal processes are needed.
6 Steps to Performance Management Best Practice offers a practical guide for small and medium enterprises (SMEs) that have identified Performance Management as part of their long term growth strategy. Drawing on industry research, client case studies and our extensive experience in this field, it offers step by step advice on how to integrate Performance Management into your company’s workflow.
Explore six steps involved in developing an effective Performance Management strategy:
- Establishing a business case
- Tailoring Performance Management to your specific business needs
- Implementing effective staff reviews
- Building a process that adapts as your business evolves
- Analysing and understanding your strategy’s effectiveness
- Using the most appropriate technology for your company
Download 6 Steps to Performance Management Best Practice now and learn top best practices involved in implementing an effective Performance Management strategy.