Is your performance management program achieving what it needs to in your company?

Research shows that in most organizations, the answer is, “not really”.

Effective performance management programs motivate your workforce to do their best work now and to actively develop themselves in preparation for future roles and challenges.

1. Motivation is maximized when team members see how their work contributes to the bigger picture, when the impact from their contribution is recognized and when their manager and leaders are actively and authentically involved in their professional success.
2. Your employees want to know the top priorities for the organization and clearly see how their goals roll in. Ideally, in each cycle, there is at least one goal focused on that person’s career development in each period.
3. Everyone, especially your most valuable top performers, want their unique contributions to be recognized and they expect rewards appropriate to the level of their contribution.
4. While financial rewards are important, your top performers also want personalized development opportunities as well. Each person’s career goals are unique and different learning and development opportunities will be appropriate for motivating each individual.
5. Importantly, employees need regular, ideally daily, conversations with their manager “just talking” about work progress and about life in general.

This connection forms the basis for a trusting relationship which is needed for continuous coaching to be effective.

Highly effective performance management programs truly motivate your workforce through aligning their work with your organization’s highest priorities, continuously providing the personalized coaching they need for growth coupled with personalized recognition and rewards.

Join Deborah Holstein, (LinkedIn profile) CMO at Betterworks, as she discusses outcomes from research that shows continuous performance management to be an essential element of the most highly effective performance management programs and to learn what is needed to upgrade your current program.