What is Performance Management?
Performance management, also known as Performance Management, is a process that focuses on people and goals. Performance management is about getting people to perform as effectively as possible so that they can achieve the best possible results. So as an organization, performance management involves steering by qualities and talents . Most important here is that employees support the vision, mission and objectives of the organization and are able and willing to give 100%. It is crucial that the focus is not on weaknesses, problems and obstacles, but on strengths and opportunities. Do you know how to use performance management properly? Then performance management helps prepare for change and creates more commitment within the organization.
Goal setting and performance management
The world is constantly changing and faster and faster. The economy is doing well. New companies are springing up like mushrooms and many old companies are experiencing mega growth. Customers are even more king than they have ever been, and employees must find a way to market their product without constantly giving a good sales pitch and pushing. Every organization wants the top people in the business. Do you have them in? Then the trick is to keep them. But they are also gaining power and demanding a lot. For example, Gallup research shows that 87% of millennials would rather trade salary for growth and development opportunities. Performance management helps retain employees. With performance management, then, it is important that the employee's growth opportunities are the focus. Cooperation between them and their managers and goal setting is therefore crucial within performance management. What are your goals for the coming period? What do you need to do to achieve them? Where do you want to be in five years? What competencies do you need for this? To motivate employees, it is important that their personal goals align with the organizational goals. Therefore, give employees the responsibility to formulate their own goals based on the organizational and team goals.
What does performance management deliver?
When employees are allowed to set their personal goals, it creates more commitment to the organization. This involvement, in turn, creates more job happiness , productivity and better performance. Successful performance management allows managers to be more responsive to the needs of employees and customers and ultimately all of this leads to more growth for teams and the organization, satisfied customers, less absenteeism, lower costs and more time.
How can a performance management system help you with performance management?
It is no longer accepted that people go through life on autopilot. After all, the risk of burnout, demotivated employees and outflow of gems is too great. In performance management systems like Treams , employees can set goals and update them at any time, they give each other continuous ( 360 degrees ) feedback with the aim of making each other better, and employees gain insight into their personal development plan. This way they know where they stand and where their development potential lies. Managers also know at any time where their employees stand and what they need to develop further. This makes growth, job satisfaction and learning from each other a reality!