From the course: Management Essentials
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Managing performance
- The best performance management systems fit your unique culture. Your company may be progressive like Brazil's Semco, where employees decide on their own pay, schedules, and evaluate each other. Or it might be more traditional with yearly performance appraisals tied to merit increases. As a manager, you can put your own stamp on performance management no matter the system in place. Before taking any specific actions, you need to assess your current performance management system. What components and approaches are you required to do? Where do you have the freedom or flexibility to go beyond the system already in place? How does your current system support these Gallup drivers of engagement? Next, incorporate five performance management best practices into your unique approach. Set goals with your employees and follow up. The goals should have a clear link to how success is measured on the job and a healthy balance with career development activities. Get feedback from multiple…
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