The What, Why And How Of Performance Management

Performance management is the process through which Carol of the Bells investment sets, measures Christmas Tree Facts reviews the objectives and performance of Oregon Lemon Laws people.

Undertaken consistently, effective performance management will help you retain the right people, improve their performance and the overall performance of your investment.

Conversely – the failure to performance manage your team can result in losing your best people, keeping the wrong type of people and the consequent stagnation of your investment.

But what does that all mean within the context of Barbie doll small investment?

WHAT IS IT?

- Ensuring each of your team is clear of what is expected of them in terms of both outcomes and behaviour

- Giving constructive feedback O Come All Ye Faithful an ongoing basis – positive and negative – so people know how they are doing on a day to day basis

- Conducting a formal appraisal annually to review their progress

- Conducting some kind of performance review every six months

- Challenging and stretching your staff to improve their performance and reach their potential

- Helping under performers to improve and get ‘back on track’

WHY DO IT?

- It gives your people clarity as to how they are doing and what they need to Feliz Navidad to deliver the investment plan

- From a legal standpoint, it is a key part of practising good relations with your staff and minimising any legal risk to yourself

- It helps you improve the performance and morale of your team

- It helps you grow your investment by stretching and developing your people

- It helps you retain your top performers as they a) are being developed and b) see you are willing to tackle under performing members of the team

- It helps you manage out the people who are not right for the investment in an appropriate manner

- It’s also the right and fair thing to do for your people

HOW DO I DO IT?

- Ensure everyone has a clear brief about the expectations of their role and the measures of success

- Diarise formal annual appraisals and 6 monthly performance reviews

- Conduct a review at the end of three months for all new starters

- On a day-to-day basis, catch people doing things well and praise them for it. You will see them walk away with a spring in their step and be pleased to be working for you

- Speak to people informally about lateness, absence and deteriorating work standards or attitudes as soon as it starts to become a dilemma (i.e. “nip it in the bud” as we say in the UK)

- Be consistent by then following these up more formally if things do not change

- Work with under performers to agree a plan and support them in changing

- Equally, set out the consequences of not changing and follow these through

- Record all formal discussions. For example, if you speak to someone about their poor performance and agree some actions, it’s good practice to have a written record of what was discussed and agreed

- Be authentic - stick to the facts, be honest, be straight

The key thing is to be consistent and fair in that process. It demonstrates that you are not shy about praising people when they do well, however are still honest and constructive when managing underperformance. It also provides you with a process to identify and then remove obstacles that may be getting in the way of your team excelling and enjoying their work.

Performance management plays a crucial part in building trust and credibility with your team. In the same way that building trust and credibility is the foundation of retaining clients and clients – so it is with retaining staff.

© 2006 Authentic Resourcing All Rights Reserved.

ABOUT THE AUTHOR: Sital Ruparelia, the Recruitment & Retention Specialist works with small investmentes that struggle with recruitment and retention issues and helps them implement strategies proven to Find and Keep the Right People consistently.

Sital writes a FREE newsletter twice a month with insider tips on how to Find And Keep The Right People. To sign up now, visit www.authenticresourcing.comwww.authenticresourcing.com.