Hence it is our recommendation that awards especially those in the category of spot awards should be given based on the immediate achievements and not the past track record of the employees.
Awards should be treated as awards – it absolutely okay to reward underperformers for their achievements if they meet the criteria!
Organizations faced with the dilemma of whether to reward employee performance or behavior.
They need to balance between achieving business goals and creating a more positive work environment.
In the near future, organizations would take a big data approach to performance appraisals.
It would increase efficiency, reduce bias and the cycle time
Organizations should drive business productivity and quality through employee engagement to maximize their business growth and profitability.
It is especially important in modern work environments to boost employee engagement since they undergo changes at a tremendous pace.
Lack of an engaged workforce can lead to serious productivity and performance issues for most organizations today.
If managed properly, peer feedback 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 can help startups set clear goals, build greater commitment and higher levels of performance from employees.
While most managers find it easy to offer positive feedback to the employees, they often feel extremely stressed and quite ill-at-ease while providing negative feedback to employees.