Employee performance affects company performance. If you express clear expectations to your employees, both you and your company will enjoy increased motivation. And all that translates directly into clearly measurable goals, improved morale, a happier workplace and higher profits. See whether your company has all of the objectives of performance management in place, and whether you’re truly receiving all of the benefits!
Objectives
- Establish a clear link between organizational and individual objectives.
- Encourage ongoing communication through coaching and meaningful feedback to employees.
- Encourage discussion and development of competencies.
- Attract and retain staff.
- Identify, recognize and reward high performers.
- Identify, recognize and manage low performers.
- Align with other HR systems such as staffing, training and career planning.
- Eliminate discrimination and accommodate employees – within reason – based on protected grounds.
Employee Benefits
- Clear understanding of how individual performance contributes to business success.
- Clear understanding of how to meet expectations.
- Individual performance is clearly linked to rewards.
- Identification of employee learning and development needs.
- Fair, accurate and regular feedback on strengths and areas for improvement.
Company Benefits
- Increased productivity.
- Link between individual performance and organizational objectives.
- Accurate and consistent evaluation of employees’ overall performance.
- Acknowledgement of employee contributions.
This performance management article is an extract from emerit’s Performance First® HR Toolkit.
