Many medium-sized organizations often have the budget to test different strategies for growth. However, this can be a problem, especially when these companies haven’t fully exercised the benefits of their current strategies. One of the most important things these organizations can do is make the most of their Performance Management System PMS platform. It would be even better if these organizations leverage the power of people success platforms like eLeaP as these bring together engagement, goal alignment, 360 performance reviews, and collaboration to yield better outcomes.
It’s not uncommon for these platforms to end up becoming misaligned with the overall goals of a company, which ends up causing huge issues and conflicts within an organization. This ends up causing a major lag in critical areas of productivity.
In the end, this can lead to HR management dealing with a huge pool of resources and employees that aren’t aligned. However, they’re still expected to put together an organization that works together for the same goals and values.
Luckily, in this article, we’ve put together five solutions that you can implement for your performance management system.
Fixing Issues with Performance Management
Before you spend money to implement new strategies for growth and productivity, you should first try and fix what you currently have. There’s no need to overspend and waste money in areas where you could potentially save, especially when the solution could possibly be incredibly easy.
In the following section, you’ll learn several ways to fix challenges with your performance management process.
Align Your PMS with Your Strategy
In research and surveys that have been conducted, there was a common theme that included organizations using performance management in a wide variety of ways. Honestly, it was difficult to find two companies that used performance management in the same way.
This means that there’s a huge issue with PMS platform processes that are extremely disconnected from the goals of these organizations, causing huge productivity gaps. In addition, this also explains why the outcome of performance management can be so different for all organizations across departments.
Normally, PMS platforms don’t come close to changing employees or improving important traits and habits. It’s important that organizations learn how to look at PMS platforms as a way to shift employee behavior to align with the objectives of the company. These aren’t just tools to measure certain areas of performance on a daily basis.
The bottom line is you need to not only find out what your employees are doing but what they’re thinking.
Make Objective a Priority
One huge mistake that organizations make is chasing several goals and using a waterfall process to make sure the entire company moves toward the same goals. Truthfully, this can lead to the entire organization being unproductive, disconnected, and disgruntled.
Organizations that perform the best make the performance management process simple and focus on a couple of important goals and not a huge number of objectives. The most successful organizations are very clear about their goals and what it takes to reach these goals.
It’s much easier to hit one goal and use that momentum to hit the next. When you try to accomplish too many things within a certain window, it’s easy to cause your entire crew to burn out.
Aligning Metrics to Goals
PMS platforms are often confusing and can cause a gap in several areas. Many companies come up with goals that are only in line with goals for the long term. However, they fail to track short-term metrics, which can help them provide bonuses and rewards for the employees that help them achieve long-term targets.
When you use tracking to measure elements of accomplishment, it’s much easier to figure out where employees stand as far as hitting their goals. You can track when team members complete certain projects or jobs and measure the specific effect these completions have on your entire organization.
Full Understanding of Team Member Contributions
Only a small percentage of HR managers believe the performance management system accurately measures the accomplishments and contributions of all team members. This includes the way employees make connections and forge relationships with peers, teams, and the organization as a whole.
These connections often multiply the contributions of these employees. However, when they’re not understood and tracked, how can you give these employees recognition?
The most successful companies put company performance in line with performance management. When your goal is to accomplish performance improvements, the best leaders must establish an atmosphere of trust and collaboration. They must also create a rewards system for collaborative business objectives.
This will properly reward employees who make connections for the contribution and encourage more of this from other team members. This is a huge factor that can lead to a huge boost for your organization and corporate culture.
It’s easy for managers to become overwhelmed with all of the data thrown at them by a performance management system. Additionally, it’s also not difficult for them to become obsessed with the financial results and ROI when it comes to performance management.
However, this can cause them to miss huge changes in the everyday work environment. Sometimes, reporting data can cause management to make critical errors when making decisions, but in reality, it should simplify this process.
Furthermore, when managers do see certain changes, rarely do they have the ability to make changes and shift resources to correct these issues. This takes a review system that’s able to adapt and show a certain element of agility and flexibility.
Sometimes, it’s important to have a system that can reduce certain data and instead highlight the most important metrics and relevant areas of importance. Too many times, it’s too easy to get wrapped up in the quantity aspect of performance management and not focus on quality. This can be a real killer when it comes to the effectiveness of your platform.
Scale things back, and focus on what matters the most.
Is it time for you to implement new performance management software and make further investments in new solutions? Or, is it time to readjust your game plan and tweak the system you have, making small changes to make it more efficient?
Answering these questions is critical for saving on your budget and not wasting the resources you’ve already tapped into. It may not seem like much at the time, but in today’s corporate environment, where things can shift at any moment, every dime counts, and you must make the most of what you have. Be sure to contact eLeaP’s solution consultant to discuss what options we can provide you.