Performance Management
In the unyielding search for competitive advantage, organisations continue to emphasise the importance of maximising performance from all employees. The design of the performance management process and the capability of line managers to manage performance are critical; so too is the integration of reward.
An effective performance management system ensures employees at all levels are aligned with the organisation’s vision, values and goals and also recognises employee contribution to them. All managers in their own way manage and reward performance on a daily basis. The real power of performance management is harnessed by organisations that use performance and rewards to ensure that the entire organisation is working toward clear and common goals.
Key Considerations:
Our consultants work with clients to address the following key issues when designing performance management systems:
- The appropriate performance management model for the organisation
- An effective goal setting process
- Sound measurement disciplines (observable, measurable, pro-active)
- The right balance of individual, team and corporate performance,
- The appropriate line of sight – ability to influence and secure a strong linkage to business outcomes,
- Meaningful differentiation based on achievement,
- Meaningful rewards for achievement of goals
Outcomes:
As part of an integrated and aligned system, effective management of performance and rewards can:
- Attract, retain, engage and motivate talent
- Direct and motivate employee performance
- Reward top performers
- Ensure fairness and consistency in people management
- Control fixed compensation costs
- Self fund variable compensation costs
- Enable employees to identify with and share in the success of the organisation
- Ensure effective performance development and career planning
- Send a message about company values
Further information
For further information on how your organisation can benefit from our Communication consulting expertises, please contact Kevin Empey.
|
