Performance Management: The Next Shift

Performance Management: The Next Shift

May 22, 2021

Do you have a performance management team at your business? It has been proven that teamwork is a beneficial part of businesses. So much more can be accomplished when people are working as a team to accomplish a goal. Some businesses design specific awards for teams that perform the best each month. This is done in order to motivate employees.

What Is Performance Management?

Performance management is exactly what it sounds like. It is the constant oversight that employees are being utilized in order to maximize their performance. As a manager or boss, it is the process in which you ensure your employees are able to put their skills to work. This is especially imperative when your employees are working together, and need to become a cohesive unit.

The type of business that you are running will determine the strategies you take. Also, the ultimate goal will help to decide the steps you take to enhance your performance. When you have a performance management team, it can make a world of difference. Some of the steps that could be beneficial to take are listed below.

  1. Planning – By making a plan, you are taking the first step to success. It is hard to achieve a big goal when you don’t have a good plan in place. Break it down to monthly or weekly goals to meet. A good plan and realistic expectations will help to encourage the employees to stay on track. Make sure your ultimate goal is clearly stated. Everyone needs to understand their job.
  2. Monitoring – The progress that is being made should be monitored and talked about often to keep everyone on the same page and working at a good pace. Make a plan to review yearly goals with your employees. This should be done monthly. You can even have short talks and check-in times to make sure everyone is staying on track. This will give you a chance to revamp different areas if needed.
  3. Reviewing – It is important to have routine meetings to check on the status of your goals. If you do not keep these types of things fresh in people’s minds, they can be overlooked. This also gives the teams a chance to see where you are and how much further you need to go.
  4. Rewarding – In order to motivate your employees to have the same drive as you do, there needs to be some incentives. It does not need to be anything huge, but enough to give them the motivation that they need to succeed. When they have a goal to meet, they will work harder to achieve it.

~ Written for us by our associate Gary Sorrell, Sorrell Associates, LLC. Copyright protected. All rights reserved

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