Four Steps To Performance Management
- Measurement – Establish performance measures, measurable behavioural goals and current behaviours.
- Appraisal – By comparing current behaviours with the different behavioural goals you can identify differences.
- Action – Implement a plan, and then for each difference you plan how to bring behaviours in line with goals.
- Monitor – Ensure any new plans are being followed, then at an appropriate time return to the appraisal stage to assess any impact.
Performance Management For Your Business
One of the key factors for all businesses is that all activities are centred on profit generation and return on investment. Most successful companies have a performance management process in place to enable them to ensure all objectives and monitors are focused on the successful achievement of the total business goal.
Performance management allows you to measure the performance of your business, by using the latest tools and technology. This results in a healthy business and motivated team.
Performance Management Principles
The two routes use the same principles but are applied in different ways.
- Collaborative between mangers and employees.
- Usually informal with written records
- Constant improvement
- Analysis of a process
- Creates more confrontation
- A formal procedure, that is written down
- Escalates into disciplinary proceedings
- Analysis of the specific individuals behaviour
For more information about performance management and how our friendly staff here at QR Ventures can help, contact us today on 0330 053 6790 or email us via the contact us form.
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