Every company wants to be built entirely of high performers, working together towards shared goals. But how does a company get there? Without proper performance management, the most innovative and inspired new hires may misdirect their efforts, ultimately frustrating management and subsequently themselves. In fact, according to a 2018 McKinsey Global survey, more than 50 percent of respondents believe employee performance management has not had a positive effect on employee or organizational performance.
To prevent these frustrations and potential loss of talent, corporations should look for ways to align the individual goals of employees to the broader goals of the organization. By tapping into the individual motivations of employees, you can help them achieve their peak performance, delivering great results for the organization as a whole.
Benefits of Strong Performance Management Strategy
Here are just a few of the benefits of an effective performance management process:
- Clearly-defined expectations: By