Talent management is quickly becoming the human resource industry’s hottest buzz term. Preparing your workforce for the future is obviously important. Equally important yet often overlooked, however, is managing your employees in the present. How your employees are performing today sets the foundation for how your workforce will look in the future. Don’t overlook the importance of performance management and optimizing your workforce today.
Managing employee performance may seem like a common sense business practice, but a recent study revealed that many employees have never had a performance review or found their review to be not useful. Though this number is troubling, it is just the tip of the iceberg when it comes to performance management—while slightly more than 40 percent of employees are receiving useful feedback from employees, it does not include those employees who don’t receive continued support or guidance from their employers. Performance management goes beyond an annual performance review. It involves keeping employees engaged and motivated to achieve a high level of professional success. How do you manage this? There are three main steps to increase employee performance today.
- Work with employees to set defined goals.
- Make these goals challenging yet achievable.
- Provide consistent feedback.
Sounds simple enough, right? It can be if you have just a handful of employees to manage. On the other hand, managing the performance of a sizeable workforce can be more challenging. By implementing best practices for performance management company-wide, you can increase the likelihood that employees will be doing their best work possible while reducing the ineffectiveness of a fragmented performance management policy.
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About Encompass Solutions
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.