When you think of employee performance management, do you think of complex systems, tons of paperwork and old, out-dated information? Technology is taking over and has presented a better, more efficient way for companies to manage employee performance. Long gone are the days of paperwork, as employee performance management technology enables companies to effectively plan, monitor, develop, rate and reward their employees as needed.
Plan
A large part of employee performance management involves planning. In the most efficiently run and well organized institutions, work responsibilities are planned out ahead of time. A part of this process involves setting clear expectations of what needs to be done in the workplace; as well as setting goals in order to ensure that everything gets done in an organized and timely fashion. Employee performance management encourages employees to play an active role in this process – helping to establish performance management elements that are clearly defined, measurable, reasonable and achievable for sustained success in the workplace.
Monitor
An integral component of employee performance management involves monitoring employee progress. When compared to the expectations that were set forth in the planning phase, managers are able to better track employee progress, provide constructive criticism and help them develop a plan of action to deliver sustained success.
Develop
Another piece of employee performance management is development – developing your employees so that they have the knowledge and skills needed to get the job done right. Monitoring employee progress can be an easy way to determine areas of weakness; areas that need to be fine-tuned for sustained professional growth. Once these areas of improvement are identified, companies can then provide the professional advancement and development opportunities needed to adequately strengthen their workforce.
Rate
Employee performance management also involves rating your employees on their performance in the workplace. It enables you to track their progress over an extended period of time and determine who your best performers are, as well as those who can use a bit of help.
Rewards
Good businesses use rewards to show appreciation towards their employees and recognize valiant efforts throughout the year. The key to using rewards, however, is learning how to use them effectively. Appreciation and praise is something that should be done continuously throughout the year to show employees that you recognize what is being done and reinforce that their hard work and effort is, indeed, paying off. More formal rewards are a good way to recognize employees for their hard work and foster a deeper level of dedication and commitment among members of the workforce.
For more information on employee performance management, contact Engagedly.
