Over 90% of managers believe their organization’s performance management process does not correspond to the actual work done by their teams and consequently there is a significant dissatisfaction with annual evaluations! It has been observed that a large proportion of managers who give this feedback are from Project-centric organizations or companies where work is done […]
Performance Management has been unsuccessful in many organizations. Traditional annual appraisals and development programs are no longer appreciated by employees and employers alike. The reason – they aren’t employee centric, meaningful and do not give tangible results. 58% of organizations rate their performance management systems as “C Grade or below.” Statistics shows that only 14% […]
Over 90% of managers are unhappy with traditional review process and over 50% of organizations are exploring ways to revamp traditional reviews. Has the review process failed? The key challenge in a traditional review process is that feedback is provided to employees at the end of the year. This does not lead to any gains […]
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 […]
Hitting a target that you can’t see isn’t cool. Did you hear that? To achieve your aim, you need to focus on your goals and objectives! Do managers in your company use goal setting and tracking effectively to ensure organizational and employee performance? I am sure only half of you would answer a ‘Yes’! This […]
Compensation planning is more than giving pay cheques or using multiple benefits to attract, hire, engage and retain top talent. Measuring employees’ performance with respect to organizational goals gives a fair basis to distribute compensation. Whether we blame lack of technology, economic issues or any other business factors, compensation management remains to be a major […]
As stated by Wikipedia, “Employee performance management process includes activities which ensure that goals are consistently being met in an effective and efficient manner. The process helps focus on performance of the organization, department, employee, or even the various processes that are a part of the organizations business. A well-defined performance management enables an organization […]
Employee Feedback. Doesn’t this term bother you at times? It does. Why? Because employee feedback is an important element of a successful business workflow and you all know it! Though managers and HR people put hard efforts to pat employee’s back and list down the non-performers, it’s just not enough. There’s something more to it. […]
