PERFORMANCE MANAGEMENT
Maximize employee value by aligning and managing individual and team performance with organizational goals.
PERFORMANCE MANAGEMENT
THAT PUTS PEOPLE FIRST
People are the greatest creators of organisational value, so effectively managing their performance is critical for organisational success.
Performance management is a continuous process, not just an annual review. It aims to help employees improve their skills, behaviours, and contributions to the organization. It ensures that individual efforts contribute to the overall success of the company.
Companies that focus on their people and organizational health reap dividends in culture, collaboration, and innovation—as well as sustained competitive performance.
Companies that focus on their people’s performance are 4.2 times more likely to outperform their peers, realizing an average 30 percent higher revenue growth and experiencing attrition five percentage points lower.
- McKinsey & Co.
DRIVE CONSISTENT PERFORMANCE
Your teams can perform at their best when expectations are clear, and progress is visible. All senior leaders know this inescapable fact.
Yet, 95% of managers are unhappy with their company’s performance review system. Many companies are stuck in the old ways of working - operating solely with annual appraisals and forced rankings.
Good performance management is not just about checking past work. It’s about tackling current challenges and chances to help employees do better. By setting goals, giving continuous feedback, and coaching, leaders can greatly improve employee work, creativity, and involvement. This makes the company more respected and competitive.
THE 4 PILLARS OF
PERFORMANCE MANAGEMENT
Goal
Setting
Performance Reviews
Ongoing Development
Compensation & Rewards
A good performance management system contributes to the creation of a well-oiled organisational machine, with each individual and team playing a defined, choreographed, and managed role in achieving the organisation's goals and objectives.
WHEN DID YOU LAST QUALITY-CHECK YOUR PERFORMANCE MANAGEMENT SYSTEM??
You can get started by assessing your organizations’ current performance culture, including the level of adoption of the existing performance management system and its quality. The core questions to ask are:
-
Are you getting the expected returns from the time invested in the performance management process?
-
Does the current system drive higher performance and capabilities?
-
Does the current system reflect the needs and context of the business?
-
Do you have a performance culture?
Goal Setting
How well do your individual and team goals align with company goals?
How differentiated are individual employee KRAs within teams?
How clear, concise, and deliverable are your employee KRAs?
How measurable are your KRAs and KPIs, and do how do they enable performance enhancement?
Performance Reviews
How frequently do you review performance?
How does your review process enable improvement during and throughout a review period?
How does your system balance between what the individual accomplishes and how they do it?
How in tune are your managers with the performance review process?
Ongoing Development
Does your assessment process focus on past performance or on creating a foundation for growth?
Does your current development process cater to the growth needs of employees across all levels?
How well do you currently identify areas for growth?
How well do you provide targeted support to help employees enhance their capabilities and skills?
Compensation & Rewards
How well do you currently balance compensation, career progression, development opportunities, and recognition?
How well do you leverage non-cash incentives or motivators — praise from immediate managers, leadership attention, and a chance to lead projects or task forces?
FULLY CUSTOMISED SOLUTIONS
01
Design and implement a new Performance Management System
03
Manage and run your Performance Management System until your internal teams can take over
05
Manage your annual appraisal process, including compensation and rewards
02
Audit, enhance, and update your existing Performance Management System
04
Provide ongoing development and coaching for your executives, senior leaders and managers
06
Help with industry benchmarking on compensation and rewards to improve employee retention
These are just a few examples of how we provide completely bespoke solutions and advice to create, modify, or adapt your organisation's performance management system to provide the most optimal results within your own context.
Contact us for a no-obligation discussion to explore how we can help.