How to Build an Effective Performance Management Cycle
Deirdre O.
Corporate & Gov't Contracts | HR Expert | Career + Talent Development ?? | Optimizing organizational performance through talent development and elevating individual careers with $25k+ salary increases. Ask me how!
According to the Gallup State of the American Workplace study, only 22% of employees are engaged and thriving.?
Active and thriving employees are more likely to maintain strong work performance, even during difficult times. This means that 78% of the workforce could do better work if only their organization had the correct type of management process.
What is Performance Management?
Performance Management is a systematic communication process. More so than yearly, semi-annually, or quarterly performance reviews.
Performance Management Framework for Success
The Four Phases of a Performance Management Cycle
1. Plan - Make the plan as detailed as possible, and avoid using ambiguous language. Ask yourself these questions to help you plan an effective performance management plan.
领英推荐
For optimum results, involve your Employees in the Process, and consider your employees' point of view.?
2. Monitoring - During this phase of the performance management cycle, an employee also takes on some training. Or they undergo other parts of the development plan for the period.
Then, the manager's role is to ensure that support and resources are available. This enables the employee to carry out the work according to the plan. Ask yourself these questions to help you plan an effective performance management plan.
3. Review - A vital part of a review is performance assessment and feedback. In addition to a self-assessment, employees may want to consider doing a 360° feedback process, including input from their peers and manager.
The review is also the time to discuss the employee's future development opportunities. It is not simply a critique of what happened, but the accomplishment, what challenges occurred, and what the roadmap should be for the future.?
4. Rewarding - Good work should be recognized.
These are the most common ways to reward an employee:
Identifies challenging departmental issues & incorporates functional practices which promote positive experiences and long-term impact! Christ-Centered Coaching & Leadership Change Future Graduate!
2 年This is great information Deirdre E. Orr. As an HR Professional, I always found it to be more effective when my leaders had discussions with detailed development and growth strategies. To hear "Okay, this is good, nice work or the simple thank you." This often left me wondering if they thoroughly read or understood what I had given them. That being so, clear communication always is good and having a development plan in place (that is actually reviewed) is even better.