Set not yearly but quarterly goals
For effective performance management first of all it is necessary to set relevant and attainable goals. Try to set quarterly goals because short-term goals are not only easier to set and accomplish but the results of short-term goals are much easier to see and assess. Moreover, in case of short-term goals it is also easier to revisit and review the relevance of the goals to the previously set expectations, and if necessary to update or change some aspects of the process in order to bring them in line with overall mission of the organization. This is especially important because during the implementation process you can find that some initially set goals are no longer relevant, however, adjusting these goals to the current needs is crucial for overall development. Short-term goals will also help your employees track and monitor their everyday progress more easily.
Offer opportunities for your employees’ professional growth
An effective implementation of the organizational goals assumes the active participation of all team members and the continual process of their capacity development. Most employees consider that gaining additional skills in the workplace is crucial for their career advancement and overall professional growth. In order to improve productivity and ensure organizational growth, employers need to equip their staff members with the tools they need for high performance. Regular training programs, as well as other opportunities for professional development will definitely help your employees to advance their skills thus also contributing to the overall development of the organization.
Frequently hold review meetings that provide feedback
Performance management is an ongoing process which assumes constant assessment of the staff performance with constructive feedback aimed at further improving the overall process. That is to say, the purpose of review meetings is not the evaluation or assessment of employee performance, rather it should focus on helping employees learn new things, develop their skills and improve the final outcome of their efforts. Review meetings as well help to identify possible challenges in advance and find ways to effectively deal with these challenges. Discuss any performance issues with your staff members on a regular basis and try to together make the right decisions to meet the previously set expectations.
Create a working environment that boosts employee motivation
Employee turnover is one of the biggest challenges that businesses face nowadays. Along with customer retention, companies should also focus their efforts on creating a compelling workplace in order to attract the best talent and to keep their best employees engaged and committed. Try to create a working environment where the culture of growth is highly encouraged, individual differences are nurtured and well-performing employees are recognized for their efforts. Staff performance increases when employees feel supported and empowered. And this in turn has its long-term positive effect on the overall growth and development of that particular organization.
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