Performance Management
What is Performance Management?
In the current economic climate many companies are focusing their attention on reorganizing and optimizing their organizations. Quality control, aligning company processes and gaining efficiency improvements are all becoming more and more important. Performance management plays a key role in achieving these improvements.
We consider Performance Management to be a motivational technique allowing extra-ordinary performances of employees to be rewarded in an extra-ordinary way. It is also considered to be a method to steer the organization and improve its overall performance. Working with key performance indicators (KPIs) and aligning company strategy with operational objectives, enables the organization to channel the energy of its employees in the right direction.
How does Stanwick support your organization in the implementation of Performance Management?
Stanwick has developed a roadmap to support the implementation of Performance Management (PM).
The most important dimensions of the roadmap are:
- Develop a Performance Management system tailored to the needs of the organization together with the key players in the organization.
- Define objectives of implementing a Performance Management system.
- Determine the scoring principles and the impact on income policy.
- Draw up a realistic communication plan for the employees.
- Draw up an implementation plan which has company-wide support.
Stanwick also offers guidance concerning:
- The way the Performance Management system is used by individual managers determines the degree of success of the system: providing training to the involved parties ensures that they understand the systems and the underlying processes.
- KPIs need to have a motivating effect on employees. Training in interpersonal communication and coaching techniques are crucial for the success of the Performance Management system.
