Performance Management Review: Identify Yours and Your Teams Strengths and Weaknesses.

Identify Yours and Your Teams Strengths and Weaknesses

Performance management reviews are important within any organisation as they help both managers and their teams to become more familiar with the need for improvement or what is working well. Without any form of per­for­mance man­age­ment sys­tem, there is nothing in place to work towards the improve­ment of the over­all organ­i­sa­tion­al per­for­mance, while sup­port­ing per­for­mance, pro­duc­tiv­i­ty and the well­be­ing of its employees.

What are the Benefits of a Performance Management Review?

  1. Encourages employee reward and recognition: A meaningful reward and recognition system can only operate in companies that have accurate and visible performance feedback and discussion processes. Continuous performance management enables management to identify activities and efforts worthy of praise or reward. In turn, this will promote the growth mentality of team members.
  2. Helps to boost employee and engagement: Continuous performance management creates an atmosphere of continuous dialogue and trust, support, and encouragement. It also helps to develop the relationship between employees and the company. If employees realize that their managers and companies care about what they are doing and are committed to helping them do better and promote their career development, they are more likely to interact with the company.
  3. Creates employee development strategies: Continuous performance management means that you actively develop employees by meeting their development needs. By catching up on a regular basis, you can pursue continuous performance improvement, because you often meet to discuss each employee’s performance, possible development opportunities, and development plans.
  4. Allows for the exchange of feedback: The importance of feedback in performance management cannot be overemphasized. Employees need feedback — and they need regular feedback. They need (and should) know how their performance is and how to improve. In addition, they should have the opportunity to provide feedback on their company and management. This is the only way for the company’s processes to develop and become more streamlined.
  5. Cre­ates Clar­i­fi­ca­tion Con­cern­ing SMART objectives: With regular discussions regarding performance management, you are able to review targets and discuss, through feedback, any improvements needed to help employees achieve their goals.

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