Tuesday, April 6, 2010

Some more reasons why we do performance management

  • Effective performance management increases goal visibility and boosts shared accountability
  • Setting relevant and achievable goals is the cornerstone of both individual and company success
  • Research has proven that if managers connect with their employees and offer them clarity of direction and feedback, employees remain engaged and more fulfilled in their work.
  • Employee satisfaction and retention – people want to know how they are doing and what they can do to improve
  • Develop and keep your talent
  • To prepare / justify future changes or promotions – supports Succession Planning
  • To increase productivity by properly prioritizing work – ensures employees are working on the right things
  • Ensures performance conversations happen (not just project status updates!)
  • Effective performance management is a hallmark of successful companies. You want the company to be successful, right?

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