Overcome Performance Management Challenges in Banking & Finance Sector

Overcome Performance Management Challenges in Banking & Finance Sector

Banking and Finance System is the backbone of human civilization. 100% of human population interacts with banks on a nearly daily basis. Banks and Financial Institutions have witnessed a lot of economic turmoil in the past and continue to experience so. Last decade experienced several heavyweights of the industry stumble and collapse without much warning. […]

Top 5 Performance Challenges Faced in Healthcare Industry

Top 5 Performance Challenges Faced in Healthcare Industry

Healthcare is one of the fastest growing industries. To offer quality care to patients, a large pool of well-trained, dedicated medical professionals and cost saving clinical procedures are required. Besides employing doctors, nurses, medical residents and interns, healthcare sector also has support staff – people involved in front desk to back end transactional operations. Undoubtedly, […]

Performance Management in Retail Industry – Ways to Improve Employee Performance

Performance Management in Retail Industry – Ways to Improve Employee Performance

Today, when online shopping has become a prevalent trend, retailers try hard to defeat cut-throat competition and retain customers. Performance of retail employees play a significant role in improving operational efficiency, building customer loyalty and boosting profits. Expectations for better services and excellent customer experience are escalating with each passing day. Offering great shopping experience […]

5 ways HR can help increase employee loyalty

5 ways HR can help increase employee loyalty

Handling a Human Resources (HR) department nowadays can indeed be tough. Staff attrition is the biggest culprit in making this otherwise enjoyable job to unbearable drudgery. Admittedly, no organization of any repute wants staff attrition. Attrition is often caused by absence of loyalty. There are several reasons why employees nowadays are less loyal to an […]

Can Managers Accelerate Employee Productivity by Tracking Real-Time Performance?

Can Managers Accelerate Employee Productivity by Tracking Real-Time Performance?

Setting employee goals in a transparent manner and continuous measurement of employee achievements is critical to business success. While a lot of effort is put into setting goals and documenting them, the need to track real-time progress of goals and measure performance often remains underestimated. This results in loss of productivity, disengaged teams, and under-utilization […]

Performance Evaluation Facts To Keep Millennials Engaged & Productive

Performance Evaluation Facts To Keep Millennials Engaged & Productive

By 2020, millennials will form the largest part of the entire U.S. workforce. Reports say that millennials constantly change their jobs, if they don’t feel valued or find no career growth at their current workplace. To meet their expectations, companies are trying to figure out ways to engage and retain millennial talent. Out of many […]

Managing Remote Employees – Some Useful Tips

Managing Remote Employees – Some Useful Tips

In today’s global economy, companies prefer appointing employees across various locations based on business needs. Talented and skilled workers can competently meet project deadlines and work towards achieving organizational objectives, even if they are working remotely. Such remote team members not only help in saving business costs but also help increase overall productivity. Use of […]

How to Make Performance Reviews More Meaningful?

How to Make Performance Reviews More Meaningful?

Are performance reviews making any difference in your workforce productivity? Is it even effective in optimizing an employee’s performance? Not sure? You’re not alone! Ideally, performance review is a systematic process to evaluate and document performance of an employee. If an appraisal process is designed and implemented carefully, it can help managers and HR to […]

58% Companies Say That Performance Management Is an Ineffective Use of Time. Why?

58% Companies Say That Performance Management Is an Ineffective Use of Time. Why?

CFOs estimate that ineffective performance management processes result into thirty percent loss of company’s performance potential. And only 8% of organizations drive high value from these processes. In Brandon Hall Group’s 2016 Performance Management study, 72% of organizations found their performance management process to be “some – what effective” or “not at all effective”. [Source] […]

Why Only 31.5% of U.S. Employees Are Engaged at Work?

Why Only 31.5% of U.S. Employees Are Engaged at Work?

Gallup, through their research found that only 31.5% of U.S. employees and 13% worldwide are actively engaged in their jobs. Lack of engagement and low productivity cost up to $550 billion every year to the employers. People are an important asset to an organization and managers can get the best out of these people by […]