Performance Management for Improving Performance

An effective Performance Management System transforms your business plans and strategies into a framework of balanced performance indicators (or KPIs). These Indicators align you and your people on the key drivers of your business.

The key objective of Performance Management System (PMS) is to design your system and processes in such a way that they are instrumental in achieving the desired results through employees at all levels in the organization. Without an effective Performance Management System in place, employees are unclear as to the employer's expectations regarding performance objectives and standards/targets, leading to low productivity, costly mistakes, stress, de-motivation, and conflict. A sound Performance Management Process/System subscribes to the crucial Principle: "What gets measured gets done".

In today's ever changing business environment, "one-size-fits-all" Performance Management solutions do not work and need to be customized as per the business requirements. This ensures vertical and horizontal alignment and integration of the key performance measures throughout the organization resulting in optimal productivity and bottom-line results.

Performance Management involves

	Identification of performance parameters and setting performance standards
	Goal setting with the key stakeholders
	Identifying key competencies and tracing the competencies leading to performance gaps
	Regular feedback for reinforcing high performance levels and for upgrading performance, if inconsistent with the performance standards
	Performance development
	Promoting high performance culture through reward and recognition

Our services in this area include

	Facilitate in your goal setting process
	Developing Performance Management strategy as per organization requirement and Designing Performance Management System
	Establishing key performance indicators (KPIs) at organization, business unit, function and individual levels
	Implementing PMS through tailored training programmes for the effective use of PM - Objective Setting and Performance Review
	Developing an online Performance Management System with IT support from the Company