Performance Management and 360° Feedback
Thought Leadership
Managing for Peak Performance™
Managing for Peak Performance™ is ideal for managers who already have the fundamental skills necessary to effectively manage people, but are looking to take their management skills to the next level.
Clearly communicating expectations and then holding employees accountable for results are critical steps toward achieving Peak Performance and clearly demonstrate the need and importance of performance management. However, the administrative costs and management efforts required to accomplish these objectives can, at best, be described as challenging.
Comprehensive performance management processes ensure that your most valuable employees know just how much they are valued. The result is increased motivation levels and retention rates, greater alignment of individual and organizational goals, and a more engaged workforce, which ultimately leads to increased productivity and profitability.
Unfortunately, most organizations with established performance management processes rely on pen-and-paper evaluations or out-of-date systems and templates that often create more issues than they resolve. TalentQuest’s Performance Management solution automates the entire process and produces stronger, more effective evaluations that can be closely tied to compensation, development and training, talent retention and more. The web-based module simplifies, streamlines and normalizes the performance review process, enabling organizations to:
- Reduce administrative costs and management efforts
- Achieve greater operational efficiency
- Align individual and organizational goals and consistently measure employees against these expectations
- Reward Peak Performers more fairly
- Increase visibility and accountability
- Increase enthusiastic participation in the process at all levels
- Establish performance standards based on competencies identified as critical for success
- Identify development planning opportunities
TalentQuest’s Performance Management solutions include a variety of developmental resources specifically identified based on feedback received, including books, audio and video programs and training seminars.
We strive to enhance your existing performance management process—whatever stage you are in—and help you decipher the advantages and disadvantages of performance appraisals currently in use. To develop the most insightful review process possible, we provide:
- Performance management accountability statements and career development reviews
- Samples of well-written employee performance appraisals
- Performance appraisal wording and effective phrases for performance appraisals
- Guidelines for writing employee performance appraisals
Engaging your employees in the performance management process is critical for gaining traction. Educating them to the performance management system types and the reasons for performance appraisals will help them understand the critical role of performance appraisals for their individual professional development.
Occasionally, other vehicles are helpful for employee education—such as hosting performance management classes, sharing slides for performance evaluation and appraisal, offsite classes on performance management, and distributing questionnaires on performance management. These educational initiatives will help communicate the many advantages of performance appraisal systems and their impact on career management.
Best Practices in Performance Management
- Develop specific, measurable and attainable goals for all employees that are closely aligned with overarching organizational objectives
- Include a self-evaluation in the process
- Utilize weighting and rating of goals to provide meaningful visibility into an employee’s actual performance
- Eliminate subjective human prejudice by providing an overall rating to represent results that are credible to employees
- Use anonymous 360° feedback to provide objectivity and cultivate a culture of empowerment and accountability
