Monday, January 14, 2013

Benefits of Performance Management

Today I would like to talk a little bit more about improving the effectiveness and accuracy of your employees.  Today I would like to talk about the benefits of Performance Management.  If you have any comments, please feel free to leave them at the bottom.

Benefits of Performance Management

If you have a worker that is not pulling their weight, do you do nothing, waiting for them to do something so egregious that you can fire them?  No, you try to fix the problem and improve on the situation.  You help your employees become better employees.  Here are some benefits of not giving up on Performance Management:

1)  Improved quality
2)  Improved communication
3)  Better Organizational Alignment
4)  Increased Organizational Output
5)  Reduced Management Time
6)  Increased employee independence
7)  Increase employee satisfaction

All 7 of these add up to one big benefit - Increased potential profitability for the company.  When your employees are all working at their peak, you will be able to do more with fewer resources at a lower cost, therefore generating higher revenues and higher profits.  So does it not make sense to help your employees out in their jobs.  If your company does not have a formal Performance Management program in place, they may seriously want to consider starting one.

And remember all of you Human Resources professionals:  Be Human... Be a Resource...  Be a Resource for Humans. 

Disclaimer: The views expressed in this post are by the author Trevor Stasik, and do not necessarily reflect the views of any employer or any other organization. Please note, this information is based on my understanding and is only to be used for informational and educational purposes. Do not take what I am writing as advice. Seek your own legal counsel and/or see a tax accountant before making business or personal decisions. The author of this post makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

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