“Employees who believe that management is concerned about them as a whole person – not just an employee – are more productive, more satisfied, more fulfilled. Satisfied employees mean satisfied customers, which leads to profitability.” – Anne M. Mulcahy (former CEO of Xerox)
Performance management is not a new idea. It has been present since the existence of corporate organizations. Successful companies have implemented effective strategies to improve and monitor their workforce performance. Regardless of your designation (manager or not), you may have to enforce management in your tenure, as it is an integral part of any organization.
That being said, the word “Management” evokes some negative connotations. Oftentimes (sadly), people wrongly relate management as a system that is in search of making employees overwork. Not only is this not true, but it is the contrary. Expedient measures taken to improve productivity by various organizations can also be held responsible for this ill fame. Performance Management plans should actually be on the lookout for the best interest of the employees, like their training, career development, and positive reinforcement, etc. Such measures are critical in the furtherance of an organization’s employees, and organizations are nothing more than the collective effort and culture of their employees. So it is wise to invest in their needs. Even emotional requirements for your employees should be taken into consideration aside from the physical and mental ones to perform exceptionally in the workplace.
Now take a look at five of the best strategy for your organization to design an effective performance management system for your employees:
1. Bidirectional communication
Communication is a bidirectional network, so should be the management’s relationship with the employees. Pay attention to employees’ opinions and how they prefer things to be in your organization. If employees are able to work and communicate in a way that is most easy for them, then efficiency will translate well into productivity. Communication is a