HiFives Industry Best Practices of Performance Management covering topics such as feedback, new trend s and technologies in Performance Management
Even though peer feedback plays a critical role in ensuring effective performance management, it does not necessarily have to be focused solely on deciding employee compensation. If managed properly, it can result in improved employee performance, better goal setting, more accurate training gap identification and successful career planning for the employees and organization.
Developing an efficient performance management process keeping the above tips in mind can help startups set clear direction, build greater commitment and higher levels of performance from employees.
One of the most important things for managers to remember while delivering negative feedback to employees is to reaffirm their confidence in them. The managers should never cast any doubt on the commitment of the employee to his or her job and to the organization. They should then move the discussion in a direction so as to get a positive outcome despite the negative feedback.
In the near future, organizations should see a big data approach to performance appraisals. It would increase efficiency, reduce bias and the cycle time
The HiFives Team has vast experience of partnering with HR professionals from hundreds of organizations across multiple industry verticals and geographies. Based on these extensive interactions, the HiFives Team compiles a list of best practices of Performance Management and other topics in HR Management and Technology and writes blogs on those topics. Those blogs are then published on the HiFives website. HiFives publishes at least 1-2 blogs every week on various HR-related topics. The HiFives Team also write guest blogs for other blog platforms and websites relevant to the community of HR professionals.
To stay updated on the latest HiFives blogs and updates on HiFives follow us on Twitter (@MyHiFives)
If you are an HR practitioner or an HR blog writer, you can contribute to the HiFives blog as a guest author. You can simply contact us for more details. You can write on any topic in HR related to employee rewards and recognition, employee motivation, talent management, learning and development, organizational culture, performance management and any other topic that may be relevant to our audience of HR professionals across the globe.