Performance management is the system that brings
together the key elements that make a company successful. As such, business leaders interested in
leading towards success should be excited to design and keep alive the
performance management system in their organizations. Instead, we often observe that performance
management is neglected, or perceived as an “HR issue”. While HR teams should be very proud to have
the success of the business put on their shoulders, it is not enough that one
team is responsible for such a fundamental part of the business. In many organizations, performance management
is old fashioned, bureaucratic, complicated and, frankly, works against
achieving business results and creating employee engagement. Companies
interested in success should have a simple up to date performance management
system that complements and connects the different key elements of the business
and is vital part of an inspiring workplace.
We define performance management simply as the system
that brings together the key business elements required for success. Performance management is grounded on the
values, strategy and core competencies required to succeed in a specific
business environment and it is linked with other management systems. Strategic
thinking helps employees create these connections. At the heart
of performance management, we distill this bigger picture through
self-reflection and dialogue with team and manager into inspiring unit, team
and individual targets. Through
supportive coaching
and positive and constructive feedback we pave the way to results. These results are evaluated objectively,
rewarded fairly and areas of development identified. These development areas are supported and
followed up with development plans in a positive way that inspires employees to
excellence. The aim is to create intelligent organizations where efficiency, renewal and wellbeing are balanced.
This is not a linear system rather performance management is a continuous
system, continuously supporting business results.
Business leaders who recognize the true value of
performance management and design a system that inspires and supports employees
to success will create a competitive advantage in their organizations. Savvy recruits and current employees will
soon demand that performance management systems be revamped to meet today’s
business needs and aspirations. Steven
Rice from Juniper Networks “is responsible for leading Juniper Networks’ people
strategy of creating an inspired community of people able, committed, and
empowered to achieve amazing success.” An integral part of this people strategy
is a performance management system that recognizes the whole human at work, is
future oriented, based on continuous dialogue and excludes forced rankings.
How are you creating a competitive advantage through
a modern performance management system in your organization?
+ 358 45 319 2330
Senior Partner at Pertec
Consulting
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