Numerous studies have shown that companies who have a rigorous approach to people and performance management and development have higher performance, superior bottom-line results, lower turnover of staff, lower absenteeism, and so on.
All studies essentially say the same thing – hire superior talent and then develop and support it systematically when you have it.
Determining which type of performance management and development process best fits your business needs depends on your objectives and goals. In designing any performance management process, factors such as culture and values also need to be considered.
Performance management has evolved after 30 years of experience, including much criticism, and many large organisations have in recent years discarded some of the old methods in favour of more dialogue, conversation and coaching inputs. Collaboration and team work are very much a central theme also in today’s incarnation of the performance management and development process.
While performance management and development processes deliver real ROI on investment, that success does not come without sustained commitment, and a belief and desire to make performance management and development a core business process designed to create competitive advantage.
Performance management and development is, therefore, much more than the performance appraisal or performance review.
We can assist you in designing and developing a performance management process aligned to your organisation needs and objectives. Training and support for managers is an essential part of the process.
Contact us to discuss your requirements.
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