5 Performance Management Mistakes That Organizations Should Avoid Making

1. 5 Performance Management Mistakes That Organizations Should Avoid Making

2. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng An understand the importance of managing and measuring the performance of their employees. In fact, most organizations have adapted a development- centric approach towards performance management, making employee progress less dependent on relative ranking and normalization techniques. increasing number of business organizations +91 8010772772 , vijay@cornerstone.co.in

3. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng In order to get the best benefits of performance management, it is important to implement it as an ideal and systematic process aimed at enhancing employee performance. However, this is easier said than done as the leading performance management consultants have identified various mistakes organizations make while implementing the system. +91 8010772772 , vijay@cornerstone.co.in

4. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng The five most important of these mistakes that organizations need to avoid making are discussed as follows. 1.Ignoring Employee Experience 2.Not Using The Right Technology 3.Low Employee-Manager Interactions 4.Being Biased During Performance Reviews 5.Not Taking Necessary Action +91 8010772772 , vijay@cornerstone.co.in

5. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng 1. Ignoring Employee Experience Most business organizations remain focused only on setting goals, planning compensations and establishing standards for performance appraisals and recognition. However, amidst all this, they tend to forget the most fundamental aspect of performance management system, namely the employee experience. implementing a perfect +91 8010772772 , vijay@cornerstone.co.in

6. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng It is important for organizations to focus on ensuring employee engagement and understanding of their needs and expectations for an enhanced experience. 2. Not Using The Right Technology It is not uncommon for business organizations to invest in performance management software without learning about its adoption level within the company. gaining a proper +91 8010772772 , vijay@cornerstone.co.in

7. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng This often leads to the complete failure of the performance management system resulting in low employee performance and a gradual drop in their engagement level. To avoid such situations, it is essential for the business organizations to assess the overall adaptability of the software they intend to invest in before forcing it on their employees. +91 8010772772 , vijay@cornerstone.co.in

8. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng 3. Low Employee-Manager Interactions Managers play an important role in the efficient implementation of the performance management system. This is because good managers have a better understanding of the needs of their team members. They are also well aware of the challenges being faced by the team and work toward providing an effective solution for the same. +91 8010772772 , vijay@cornerstone.co.in

9. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng Lack of proper and frequent interactions between employees and managers creates a gap in this vital information. That is why it s important for the top management to encourage effective and frequent communication between the managers and employees within the organization. +91 8010772772 , vijay@cornerstone.co.in

10. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng 4. Being Biased During Performance Reviews Most often managers rely on outdated information about the employees while ranking and rating them. Hence the experts from the leading performance management consulting firms believe that it is extremely vital for managers to seek latest employee information while performing reviews. +91 8010772772 , vijay@cornerstone.co.in

11. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng This leads to a biased review which might not be valid as per the current status of the employee in question. They should also take regular feedbacks to access the improvements made by employees and appreciate their efforts. 5. Not Taking Necessary Action The ultimate aim of any performance management system is to help improve the overall efficiency and performance of the employees. +91 8010772772 , vijay@cornerstone.co.in

12. 5 5 P Pe er rf for O Or rg ga ani niz za at ti ions orma manc nce e M Ma ana ons S Sh houl nag ge eme ould d Av ment Avo oi id d M Ma ak ki ing nt M Mi is st ta ak ke es s T Th ha at t ng However, just performing the reviews will not prove effective in achieving this objective. It is important for organizations to take the necessary actions required to address the issues raised during performance reviews. The organizations need to work towards ensuring the growth and development of their employees to help improve their performance. The success of the system be ensured only through proper and timely action. +91 8010772772 , vijay@cornerstone.co.in