A lean system will always have the best chance of helping you achieve your business targets, and that’s why an efficient performance management system helps organizations increase their chances of meeting their targets.
Employee retention and engagement should be two primary concerns of any organization hoping to achieve organizational goals. This can only be possible with an efficient performance management system. While the implementation of this type of system is for the purpose of ensuring organizational goal achievement, strategic performance management entails ensuring things aspects like employee retention and employee engagement as a means to achieving these goals.
It is through assessments that organizations can learn about themselves and their employees, and develop a competency based performance management. This will entail a comprehensive approach to managing the organization as a whole inclusive of employee competency and engagement. The equation is fairly simple: the more engaged a workforce is the greater the chances are of achieving organizational goals.
Performance Management System and Employee Engagement
An online performance management system is commonly implemented these days in organizations that strive for convenience and greater flexibility. It also bridges the communication gaps on highly important matters such as linking an individual employee’s performance to organizational goal achievement. Recent studies reveal that:
- 88% of highly engaged employees understand how their role contributes to an organization achieving its goals
- 82% of highly engaged employees understand the steps an organization takes in order to achieve its goals
- 71% of highly engaged employees believe that an organization well to explain the performance management process
The above statistics show that it is important to engage employees because they begin to see the organization in a positive way and appreciate the organization’s efforts. Therefore, it’s important to ensure that employees are engaged, and this can be achieved through efficiently managing their performance.
Fulfill Employee Needs to Boost Employee Engagement
Employee’s needs must be met. This can be achieved through bridging communication gaps via employee feedback and directing them to their tasks effectively. However, they must also have certain things conveyed to them, which includes:
- Their value to the organization
- Appreciation for their efforts
- Career paths and incentives
Based on statistics from the organization’s own data as well as feedback from employees, organizations can formulate a new course of action that appeals to employees and engages them more. Employees can be retained with a good plan, and their goals can be set easily so that they know how they have to conduct themselves in order to achieve their goals.