One of the most important things that should be on every organization’s agenda is continuous performance management.
Performance management influences more factors than we can imagine. Good performance management begets healthy levels of employee engagement, innovation, employee contentment, improved levels of productivity, etc.
Poor performance management, on the other hand, is capable of wrecking an organization. Because poor performance management relies on a lack of feedback, inconsistent goal setting, lack of recognition, poor management, etc. All these factors coming together are enough to wreck an organization’s very foundations. And sometimes, despite the existence of these factors, organizations continue to chug along. But that is neither here nor there.
Just because organizations can manage, does not mean they have to do the bare minimum and carry on.
Over the past few decades, performance management has undergone a seachange. It is has moved away from the annual model and become something of a continuous process. The annual performance review process understandably cannot keep up with today’s work landscape. However, for the longest time, organizations held onto antiquated performance management processes simply because it was the way things had always been done.
However, quite a few organizations realized that this couldn’t continue and have instead adopted customized models of performance management that work for them. Adobe developed its own system of check-ins. GE did away with their famous rank and yank system and adopted a feedback app to sustain continuous feedback.
Rethinking Performance Management?
But you don’t have to be a big organization to revamp the performance management process. It is never too late to utilize a model of continuous performance management.
A successful continuous performance management process can be best achieved through using continuous performance management software.
Continuous performance management software integrates all the elements of performance management that one needs in order to achieve increased levels of employee engagement, employee productivity, systematic goal setting, etc. It also helps managers and leaders provide the coaching and development that most employees seek.
How can Engagedly help improve performance management at your organization? Fill out the form below to find out!
Srikant Chellappa is the Co-Founder and CEO at Engagedly and is a passionate entrepreneur and people leader. He is an author, producer/director of 6 feature films, a music album with his band Manchester Underground, and is the host of The People Strategy Leaders Podcast. He is currently working on his next book, Ikigai at the Workplace, which is slated for release in the fall of 2023.