Objectives and Key Results (OKRs), the success secret behind most global companies like Google, Intel, is one of the most popular and effective goal-setting frameworks.
Every organisation that leverages the power of OKR contributes a part of its success to Objectives and key results.
Here are a few reasons why you need OKRs in your organization.
The old ways of thinking about it is.”- Anita BownessContinuous performance management systems are increasingly being adopted by many organizations.
But the word ‘management,’ I do not mean appraisal.
Performance appraisal is just a part of performance management.
Other than the evaluation process, the system includes continuous check-ins, 360 degree feedback, etc,.
Research proves that the continuous performance management system has a greater positive impact on the company’s growth and development.
Here are a few benefits of a continuous performance management process.
Companies, today, have come out of the shock of coronavirus pandemic and are looking for ways to thrive in this pandemic and also post COVID-19.
The prime focus should be on goals management as they can help companies move forward together.
There are various goal-setting techniques like Management by Objectives (MBO), Objectives and Key Results (OKR), SMART goals, etc.
In this crisis period, OKR, not a new phenomenon, is gaining popularity due to its focused approach.Here are the key features of an effective goals management framework.Goals management is the key to bounce back your business from adversity.
Resilient leaders should set goals carefully to create productive results.
The performance appraisal process is a business strategy that brings the best out of your employees, and it is pivotal for effective business management.
With the performance of employees, one can measure the efficiency of the appraisal system in place.
The performance review process should help in improving the quality and quantity of work of your employees.
An effective performance appraisal system is capable of doing the following functions.To perform its functions effectively, the performance appraisal process needs the support of technology.
The process becomes less time-consuming with the help of tech tools, and technology saves HR personnel from mundane administrative tasks.
Now, the HR department can focus on other better plans for employees’ development and the company’s growth.
A performance management system helps in managing employee performance effectively and also engaging them to increase productivity.
The performance management system has progressed over the years, and today, the system focuses on retaining talents, employee development, innovation, and nurturing future leaders.Here are 5 common performance management challenges.Not mastering the art of delivering feedback.The feedback should not be rude or harsh, but constructive.
The feedback should begin with a positive note and then, comes the areas for improvement along with ways to do that.
A robust performance management system is crucial for an organization to sustain and thrive by focusing on improving the performance of individuals, teams, and departments.
Managing employee performance and engaging the workforce can retain the high performers and fuel innovation.
The system should create an open and transparent culture with no bias to make the employees feel valued.
Driving performance and engagement is a faster way to grow and develop.Thus, the modern-day performance management system has revolutionized the way business is done and employees are looked at.
Cherished employees keep your customers happy and increase the profitability of your organization.
360 degree feedback mechanism builds strong leadership skills, open culture, and development focused performance management system in an organization.
360 degree feedback enables peers, primary managers, subordinates, cross-functional managers and other stakeholders to comment on an employee’s performance.
The multi-rater feedback technique gains fresh momentum in the digitally transformed work areas and a modernized performance management system.
Some of the top benefits of 360 degree feedback system are as follows.
Transform your workplace with novel powerful strategies to sustain and thrive in the competitive business environment.
360 degree feedback is one such technique that leads you to the road of growth and development.
A survey suggests that employees work harder when they feel that their work is appreciated by the organization.
How can we let the employees know that we cherish their work?
Both monetary and non-monetary rewards satisfy employees.
There is a myth that only monetary rewards make the workforce happy.
That is not true.Here are a few rewards and recognition ideas.Once you care for the employee, the employee will stay loyal to the company and try his best to help his organization to reach heights.
How to thrive in these unpredictable times?
This is the most haunting question for many employers and superiors.
The answer is, your employees.
If you inspire them in the right way, they will help you battle any storm, be it COVID-19 or recession.
They are the frontline people who are close to your customers.
Therefore, If they are satisfied and happy, your customers and clients will be happy too.
A Gallup report reveals that around 85% of employees are disengaged at work.
Employee engagement is vital for businesses to flourish and innovate.
For companies that are striving due to COVID-19, employee engagement is the CPR to restore normalcy.
Employees who are engaged are emotionally connected to their job, and they work harder to innovate and thrive.Here are the top benefits of employee engagement.Engaged employees are also free from stress and pressure.
They are the drivers of organizations toward growth and excellence.
With engaged employees, Organizations can weather any storm like COVID-19 or recession.
Goals management is critical for a business’ success.
Goals should be set not to disengage the workforce, but rather motivate them.
How to set goals that lead to growth and development?
Firstly, empower your employees by taking their inputs in setting the individual goals and check whether they align with the organizational goals.
Secondly, the goal-setting process should have the following features.Also, goals should be tracked and monitored regularly so that if there is any employee off track, you can bring them back through continuous feedback.
The goal-setting process should have the above-mentioned features to create an engaged workforce.
Continuous feedback enhances employee experience in an organization, which is vital in this experience economy.
As per a Harvard Business Review article, continuous feedback was born when a company named Colorcon, in 2002, switched from an annual feedback system to an instant feedback process.
The modern performance management system that leverages technology emphasizes on the benefits of continuous feedback methods and encourages the users to use it frequently in their work.Here are 4 benefits of continuous feedback.Thus, implement continuous feedback in your organization to reap its complete benefits.
We are not certain of when the vaccine will be found for COVID-19, but we sure have experimented and found the ways of how not to let your employees feel isolated.
The answer is Continuous check-ins.
Regular check-ins are also a new performance management technique that is being adopted by many companies, and the spread of continuous check-ins have been mandated with this coronavirus outbreak.Here are 4 benefits of continuous feedback.In this new age of remote working, continuous check-ins are not an option anymore but a necessary performance management strategy.
“The remote working age has begun.” It is a novel phenomenon for many organizations.
Therefore, those companies should equip themselves to provide the necessary tech tools to the remote workers and engage them constantly.
Employee engagement is highly significant to ensure business continuity and to thrive even in the hardest times.
Engaged employees restore normalcy in the organization in a shorten span.
Here are the benefits of employee engagement.
A study reveals that a disengaged employee costs an organization approximately $3,400 for every $10,000 in annual salary.Thus, employee engagement is more needed now than ever.
Gallup has recently reported that only 15% of employees worldwide are engaged.
Have we ever thought of employee engagement as a business strategy?
The decision-makers focus more on the on-time completion of deliverables and the acquisition of projects.
What happens if all the money earned goes out for employees’ healthcare problems, compensation, and recruitment costs?
Talent engagement and well-being, which is an outcome of an engagement, is highly significant for overall business growth.Here are four major benefits of employee engagement.
The number of benefits an organization receives by improving employee engagement is manifold.
Objectives and Key Results (OKRs), the success secret behind most global companies like Google, Intel, is one of the most popular and effective goal-setting frameworks.
Every organisation that leverages the power of OKR contributes a part of its success to Objectives and key results.
Here are a few reasons why you need OKRs in your organization.
A survey suggests that employees work harder when they feel that their work is appreciated by the organization.
How can we let the employees know that we cherish their work?
Both monetary and non-monetary rewards satisfy employees.
There is a myth that only monetary rewards make the workforce happy.
That is not true.Here are a few rewards and recognition ideas.Once you care for the employee, the employee will stay loyal to the company and try his best to help his organization to reach heights.
The old ways of thinking about it is.”- Anita BownessContinuous performance management systems are increasingly being adopted by many organizations.
But the word ‘management,’ I do not mean appraisal.
Performance appraisal is just a part of performance management.
Other than the evaluation process, the system includes continuous check-ins, 360 degree feedback, etc,.
Research proves that the continuous performance management system has a greater positive impact on the company’s growth and development.
Here are a few benefits of a continuous performance management process.
How to thrive in these unpredictable times?
This is the most haunting question for many employers and superiors.
The answer is, your employees.
If you inspire them in the right way, they will help you battle any storm, be it COVID-19 or recession.
They are the frontline people who are close to your customers.
Therefore, If they are satisfied and happy, your customers and clients will be happy too.
Companies, today, have come out of the shock of coronavirus pandemic and are looking for ways to thrive in this pandemic and also post COVID-19.
The prime focus should be on goals management as they can help companies move forward together.
There are various goal-setting techniques like Management by Objectives (MBO), Objectives and Key Results (OKR), SMART goals, etc.
In this crisis period, OKR, not a new phenomenon, is gaining popularity due to its focused approach.Here are the key features of an effective goals management framework.Goals management is the key to bounce back your business from adversity.
Resilient leaders should set goals carefully to create productive results.
A Gallup report reveals that around 85% of employees are disengaged at work.
Employee engagement is vital for businesses to flourish and innovate.
For companies that are striving due to COVID-19, employee engagement is the CPR to restore normalcy.
Employees who are engaged are emotionally connected to their job, and they work harder to innovate and thrive.Here are the top benefits of employee engagement.Engaged employees are also free from stress and pressure.
They are the drivers of organizations toward growth and excellence.
With engaged employees, Organizations can weather any storm like COVID-19 or recession.
The performance appraisal process is a business strategy that brings the best out of your employees, and it is pivotal for effective business management.
With the performance of employees, one can measure the efficiency of the appraisal system in place.
The performance review process should help in improving the quality and quantity of work of your employees.
An effective performance appraisal system is capable of doing the following functions.To perform its functions effectively, the performance appraisal process needs the support of technology.
The process becomes less time-consuming with the help of tech tools, and technology saves HR personnel from mundane administrative tasks.
Now, the HR department can focus on other better plans for employees’ development and the company’s growth.
Goals management is critical for a business’ success.
Goals should be set not to disengage the workforce, but rather motivate them.
How to set goals that lead to growth and development?
Firstly, empower your employees by taking their inputs in setting the individual goals and check whether they align with the organizational goals.
Secondly, the goal-setting process should have the following features.Also, goals should be tracked and monitored regularly so that if there is any employee off track, you can bring them back through continuous feedback.
The goal-setting process should have the above-mentioned features to create an engaged workforce.
A performance management system helps in managing employee performance effectively and also engaging them to increase productivity.
The performance management system has progressed over the years, and today, the system focuses on retaining talents, employee development, innovation, and nurturing future leaders.Here are 5 common performance management challenges.Not mastering the art of delivering feedback.The feedback should not be rude or harsh, but constructive.
The feedback should begin with a positive note and then, comes the areas for improvement along with ways to do that.
Continuous feedback enhances employee experience in an organization, which is vital in this experience economy.
As per a Harvard Business Review article, continuous feedback was born when a company named Colorcon, in 2002, switched from an annual feedback system to an instant feedback process.
The modern performance management system that leverages technology emphasizes on the benefits of continuous feedback methods and encourages the users to use it frequently in their work.Here are 4 benefits of continuous feedback.Thus, implement continuous feedback in your organization to reap its complete benefits.
We are not certain of when the vaccine will be found for COVID-19, but we sure have experimented and found the ways of how not to let your employees feel isolated.
The answer is Continuous check-ins.
Regular check-ins are also a new performance management technique that is being adopted by many companies, and the spread of continuous check-ins have been mandated with this coronavirus outbreak.Here are 4 benefits of continuous feedback.In this new age of remote working, continuous check-ins are not an option anymore but a necessary performance management strategy.
A robust performance management system is crucial for an organization to sustain and thrive by focusing on improving the performance of individuals, teams, and departments.
Managing employee performance and engaging the workforce can retain the high performers and fuel innovation.
The system should create an open and transparent culture with no bias to make the employees feel valued.
Driving performance and engagement is a faster way to grow and develop.Thus, the modern-day performance management system has revolutionized the way business is done and employees are looked at.
Cherished employees keep your customers happy and increase the profitability of your organization.
“The remote working age has begun.” It is a novel phenomenon for many organizations.
Therefore, those companies should equip themselves to provide the necessary tech tools to the remote workers and engage them constantly.
Employee engagement is highly significant to ensure business continuity and to thrive even in the hardest times.
Engaged employees restore normalcy in the organization in a shorten span.
Here are the benefits of employee engagement.
A study reveals that a disengaged employee costs an organization approximately $3,400 for every $10,000 in annual salary.Thus, employee engagement is more needed now than ever.
360 degree feedback mechanism builds strong leadership skills, open culture, and development focused performance management system in an organization.
360 degree feedback enables peers, primary managers, subordinates, cross-functional managers and other stakeholders to comment on an employee’s performance.
The multi-rater feedback technique gains fresh momentum in the digitally transformed work areas and a modernized performance management system.
Some of the top benefits of 360 degree feedback system are as follows.
Transform your workplace with novel powerful strategies to sustain and thrive in the competitive business environment.
360 degree feedback is one such technique that leads you to the road of growth and development.
Gallup has recently reported that only 15% of employees worldwide are engaged.
Have we ever thought of employee engagement as a business strategy?
The decision-makers focus more on the on-time completion of deliverables and the acquisition of projects.
What happens if all the money earned goes out for employees’ healthcare problems, compensation, and recruitment costs?
Talent engagement and well-being, which is an outcome of an engagement, is highly significant for overall business growth.Here are four major benefits of employee engagement.
The number of benefits an organization receives by improving employee engagement is manifold.
