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Every employee’s individual performance contributes to the organization’s overall performance. That’s the reason more and more companies today are continually looking to improvise their techniques in measuring and evaluating employee performance. Employee performance management, therefore, becomes critical as it aligns the workforce and their individual goal with
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Many organizations are seeking to take their business online and trying to reach their customers. Their chances of success will be higher with the adoption of OKRs. We talk about setting and achieving OKRs with specific illustrative examples for the following objectives: * Use data to increase personalization in messaging. * Increase
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Employees are the most important asset of any organization. Following are the strategies to enable an effective Rewards & Recognition program and drive high employee engagement. * Make it personal * Enable gamification * Provide learning and development opportunities * Motivate with monetary incentives * Floating offs/Holidays and bonus as rewards * Magnify recognition * Use
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Try using OKRs to aid your annual planning exercise to experience the agility it offers to the process and how it makes sure that you achieve your goals. The steps to follow are simple: * Set a Business Goal * Define OKRs with context to achieve the goal * Get all team leaders
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Improving employee engagement and experience are an imperative in today’s workplaces, as employee engagement holds the key to business performance itself. There are many metrics which throw a light on the level of employee engagement, and it helps to track them to stay on track. * The level of absenteeism
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360 degree feedback provides a strong foundation for performance appraisals. Here is how you can set up 360 degree feedback for performance appraisals * Inform all stakeholders the purpose and benefit of using 360 degree feedback for performance appraisals. * The subjects should have spent at least 6 months in the organisation.
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Objectives and Key Results are a simple and powerful management tool, which is credited with being the underlying reason for the success of firms like Google Inc. * In the chaotic environment of a growing startup, OKRs help them prioritize & execute right and deliver growth without losing their focus. * To
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Many advantages accrue to an organization when it adopts an OKR-based, modern performance management system * Chuck the legacy, annual performance management system to reap the benefits of this modern system which allows for continuous feedback based frequent performance review system. * OKRs provides absolute clarity on what needs to be prioritized
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Organizations enjoy undeniable benefits when they adopt a 360-degree performance appraisal and feedback system as it helps improve the performance of everyone in the organization, by delivering the following benefits: * Encourages honest feedback in a more acceptable fashion to encourage personal development. * Provides a high level of clarity to everyone
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Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of his organization. Mr. P. Ratan Swami studied at IIT, Bombay, and then at IIM Bangalore where he majored in finance and strategy. After his graduation,
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Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of his organization. Mr. P. Ratan Swami studied at IIT, Bombay, and then at IIM Bangalore where he majored in finance and strategy. After his graduation,
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Gone are those days when Rewards and Recognition was considered a nice to have component of an organisations HR strategy. Today it has emerged as a critical tool for enabling global organizations to enhance engagement, increase motivation, improve performance and drive organizational culture. However, to make this happen, it has