Develop a Performance Management Mindset

Develop a Performance Management Mindset

Performance management is a process by which managers and employees work together to plan, monitor and review an employee's work objectives and overall contribution to the organization.

A report, based on a survey, explores six key areas: strategy and talent requirements, talent acquisition, performance management, learning and development, engagement and retention, and succession planning. The goals of the survey included assessing how business leaders grade themselves on performance management and how employees grade their companies' overall performance management strategies, and understanding the links between these strategies and employee performance.

Not surprisingly, employees responding to the survey said they were motivated by challenging goals. Another key survey finding is that managers in some areas have difficulty finding the right balance of managing performance based on outcomes versus employee behaviors.

To read the full article on performance management or to download the full survey report, click here.

Tags: Management Tips