Performance management solutions of today must drive long-term value creation by aligning corporate goals with that of employee Key Performance Indicators (KPIs). One way to achieve both strategic value and shareholder value is by improving employee engagement through democratization of performance management.
Topics: augmented analytics, business analytics, innovation, kpi dashboard, AI, employee performance, data, performance improvement, kpi, productivity and employee engagement, enterprise performance management
Over the course of the past 20 years, we have seen a steady shift of our workforce towards the Millennials and GenZ’ers. There are some very clear and distinct characteristics of the modern workforce that differ from the aging workforce, that are not being leveraged today. When effectively understood, they have a clear and immediate impact on Enterprise Performance, which ultimately leads to sustainable economic benefits for their shareholders.
Millennials and GenZ’ers have one significant thing in common that differs from prior workforce generations, they have grown up having been apart of the digital world. In the case of Millennials, entering the digital world was more of a right of passage than for GenZ, who are being given mobile devices at earlier ages as time goes on.
Yes, it is that time of the year again when several companies will begin the process of the mid-year performance review. Managers and employees will spend a large amount of time and effort reviewing the previous six months’ performance against competencies, goals and objectives. The cost of this exercise not to mention the lost revenue opportunities or cost savings in earlier months now become a reality. All too little too late.
Topics: performance reviews, traditional performance reviews, mid year performance reviews, employee performance, employee reviews, employee performance appraisal, employee feeback, annual review process, low-performance work culture
Companies today are under a magnifying glass when it comes to employee performance. SMART goals can help.
How can you balance business objectives with employee performance? There are so many pieces to pull together to make it happen. One of the biggest stumbling blocks is setting goals that require everyone from the CEO to the administrative assistant to be aligned.