Employee Performance is one of the few remaining sources of true competitive advantage
Employee Performance is one of the few remaining sources of competitive advantage. Organisations set objectives for executives but neglect the remainder of the workforce. If its good enough for the executive team, then why is it not good enough for our employees? Employee Performance Management systems provide a mechanism to set performance expectations, to align your employees with the strategic and operational plans and drive the elements of the plan that you need to achieve – profit, service outcomes, innovation.
Independent case studies verify that financial outcomes can be improved by up to 25% sustained over several years by applying non financial metrics to individuals. Employees typically constitute 60% of your operating costs and you need them to be performing at an optimal level.
Employees expect clear direction and feedback. They actually get less than they expect. This is confirmed in many studies including:
Employee Performance Management provides clear direction to employees (through the Objective Setting process) and feedback more frequently (via short reviews) than an annual appraisal.
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