Are Your Performance Reviews Paying Lip Service to Your Performance Needs?
A process that turns managers and employees into team members. A system that offers frequent and consistent feedback. A training and mentoring program that enables employees to excel. According to some theories, that’s all you need to ensure active employee engagement and a strong team culture.
And, it’s almost true.
A strategic performance management system is the linchpin of a company’s success, and performance reviews are the crux of that system. They’re only as effective, however, as the information on which they’re based. If your organization’s performance reviews aren’t measuring what you truly need them to measure, then you won’t get the results you want.
What behaviors, actions, and beliefs do your employees need in order to excel in your company? What contributes to the overall culture? What ensures customer satisfaction and regular growth?
An effective performance management system features performance reviews that are built around this information, information that is easily obtained by utilizing competencies. Competencies are essential for successful management. They enable managers to determine where individual employees and teams require additional training and development, and which employees are highest potential.
Most importantly, they ensure you are promoting and rewarding your employees for the behaviors you truly want – the ones that directly impact customer satisfaction, profitability, and company morale. For more on integrating competencies into your performance management system, view these resources:
Pay-for-Performance: Good Idea or Failed Concept?
Compensating employees based on performance seems like a solid idea. In theory, it makes perfect sense: High performance equals increased compensation, which further motivates employees and leads to even higher performance. The reality, however, is different enough that it has many human resource experts wondering if pay-for-performance is anything more than a trendy concept. The […]
Are You Retaining the Right People?
Employee retention is a hot topic these days, and many companies now have some idea of how to track and improve their employees’ satisfaction and loyalty. Unfortunately, despite its plethora of benefits, improved retention isn’t necessarily a cure-all for all of a business’ productivity and profitability issues. To truly see results, you have to make […]
[Webinar] How to Increase Employee Engagement through Competency-Based Talent Management
Interested in driving up the employee engagement within your organization? If your answer is yes, then you won’t want to miss this three part webinar series that is devoted to helping you increase employee engagement by integrating competencies in numerous talent management processes, such as talent acquisition, performance management, learning & development and career development. […]