Savvy business managers understand that their employees value feedback on their performance, even negative feedback as long as it is presented constructively.
London, United Kingdom (PRWEB UK) 12 June 2013
(Marketing Empire PR) - It’s ironic, but the system used to measure employee performance often fails to measure up; at least, that’s what over half of the respondents said who were involved in a study conducted by WorldatWork. In fact, according to the study, 58% percent of respondents gave the performance management system in place at their Organisations a “C Grade or below.”
One of the main reasons for this is that traditional performance evaluations have become outdated. In the last decade or so, there’s been a paradigm shift in the way employees view a manager’s role. Rather than command and enforcement, which may have been okay in the past, managers are required to guide and coach.
Additionally, technology has changed the way information is gathered and processed. Not only can performance data now be gathered and analysed more efficiently, results can be presented in real time so that managers can provide immediate feedback to help employees set goals that will actually contribute to company success.
Mike Bresnihan, Business Founder at The Frank Boys, explained, “Savvy business managers understand that their employees value feedback on their performance, even negative feedback as long as it is presented constructively. Once one is aware of how well they are meeting expectations, they can more effectively support the company objectives.”
Research has shown that an effective performance management system can have a positive effect on a company’s success. According to Recruitment Buzz, this includes an increase in employee engagement, up to a 15 percent increase in productivity and an 18 percent growth in customer loyalty.
“Employees often have no idea how their everyday work contributes to an Organisation’s success,” said Bresnihan. “Many of them also lack inspiration about their future. However, by integrating a system like our Quality Assurance Assessment, employers can show how a worker’s performance directly ties into company objectives, and they can illustrate to employees how they will be rewarded if they consistently meet performance goals and improve upon areas of weakness."
“The App that our Team have developed allows Senior leaders to put in place protocols for managers and employees to follow, making it far easier to systemise the process and generate measurable and tangible results.” The App can be downloaded from 'The Frank Boys' website, to be used by executives and managers to help improve their management process.
With the right technology in hand, a performance evaluation can produce meaningful and useful information, contributing greatly to an Organisation’s growth and commercial profits that offer benefits to everyone involved.
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