Engaged employees are more profitable and express greater loyalty
Reno, NV (PRWEB) July 14, 2008
M3 Planning, Inc, a nationwide leader in on-demand strategic planning tools and performance management software, has added new functionality to their award-winning software, MyStrategicPlan, that encourages increased employee engagement while also improving performance management. The new Strategy Alert email feature allows users of the software to receive weekly or monthly reminders of their goals and responsibilities delivered directly to their in-boxes. Employees can now see at a glance how their tasks contribute to the goals of their department and the overall business strategy, and they are reminded to update their goals according to the timelines established. Managers, in turn, only need to check the online system to determine the status of projects and tasks. These valuable reminders help keep everyone on track and on the same page.
For several years now, the annual Gallup employee survey has determined that less than one third of workers are engaged or passionate about their jobs, and yet most companies still struggle with ways to better deal with employees. "Engaged employees are more profitable and express greater loyalty", says Erica Olsen, founder of M3 Planning and co-developer of MyStrategicPlan. "We continue to expand the functionality of MyStrategicPlan because we strongly believe that effective performance management systems focus not only on the development but also on the communication and monitoring of strategy. Our new Strategy Alert emails facilitate that."
Unlike traditional annual employee reviews that risk focusing too much on past performance and not enough on the future, performance management software like MyStrategicPlan facilitates an ongoing conversation between management and employees that supports the accomplishments of a company's strategic objectives. Relationships between managers and employees are also fostered through frequent conversations about employee performance and career goals, and employees are assured that they are evaluated on performance and not just opinion. With MyStrategicPlan, employees understand how their jobs contribute to the company's future, what success in their positions looks like, and whether they're on the right course. Once these issues are being addressed regularly, annual reviews can cover more inspiring, high-level topics like career advancement or personal growth.
MyStrategicPlan was named a Finalist in the Best New Product or Service - Computer Software category in The 2008 American Business Awards earlier this summer and also presented with the 2008 award for Best Application Service Provider Interactive Application by the Web Marketing Association's annual Internet Advertising Competition. That was the second consecutive win for the top honors in the annual Internet Advertising Competition after being a previous Standard of Excellence award winner.
M3 Planning has established itself as a source for everything related to strategic planning. In addition to their award-winning software, the company is also a resource for strategic planning tools, books, articles, workshops, and facilitations.