Each one of your employees has a different work style and management preference, so setting up a performance management strategy is challenging. However, finding a successful strategy that works for all of your employees is the key to increasing productivity, motivation, and employee engagement.
Keeping conversations open and frequent helps managers determine what is best for each employee. When employees and leaders are on the same page about how their performance is measured, it’s easier to hit goals and expectations throughout the year. Quantum Workplace — a company with an employee feedback platform designed to make work better each day — created the infographic below to help employers understand how to advance their performance management strategy.
Here’s where employers are getting off track:
- 49% of employees prefer to discuss their performance on a monthly or quarterly basis
- 60.7% of employees believe their performance is more likely to improve if they discuss it more frequently than once a year
- 22.7% of managers discuss performance with employees “whenever they feel it is necessary”
- 81.6% of managers believe employee performance will improve if they meet more than once a year
- 55.8% of managers want more feedback from their peers, compared to only 41.6% of employees
Have a discussion with your team, send out surveys, and offer one-on-one meetings to see what changes are needed to create an effective performance management strategy:
What do you find works best for your team’s performance management strategy? Let us know!