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.
Implementing these strategies can help organizations improve the motivation levels of employees and ensure that employees consider themselves to be a valuable asset, and work towards driving business growth and profitability.
When it comes to employee motivation and engagement, most companies focus their efforts primarily on appeasing the white-collar members of their workforce. This is due to the fact that an effective white-collar support staff and management team is considered to
Employee rewards in modern day organizations have been evolving over the years – it has become more of an art than a science. Gone are those days where employees were happy receiving trophies and consumer durables. Organizations have tried everything
The short and sweet answer to this question is an absolute yes! Provided the desired behaviors that should be a part of the organizational culture are mapped correctly and rewards and recognition are used to reinforce them. Let’s take an
In the near future, organizations should see a big data approach to performance appraisals. It would increase efficiency, reduce bias and the cycle time