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Sunday, June 25, 2017

 

Performance Management Tips For Business Success

10 powerful performance management tips for running a successful business


 
Effective Performance Management is essential if you want your business to succeed and prosper. Here are ten powerful performance management tips that can help you reach your business goals:

  1. Talk to Your People Often - By building a great relationship with your people you will bring trust, honesty and information. This gives you a head start in Performance Management of your people.
     
  2. Build Feedback In - On the job two-way feedback processes gets rid of the nasty surprises that gives Performance Management such a bad name. By building it in as a natural activity, you take the edge away.
     
  3. Be Honest - By being frank and honest, which the preparation work in building a great relationship has afforded you, both parties treat each other with respect and see each other as working for everyone’s benefit.
     
  4. Notice Great Performance - When you see good stuff, shout about it! Let people know. Celebrate successes and filter this into formal processes.
     
  5. Have a System - Performance Management is a process and needs some formality - especially for good personnel practice and record. This need not be complicated, but it needs to be organized and have timescales.
     
  6. Keep it Simple - But do keep it simple. If you have a relationship with your people that is strong anyway, you already know what they are about. Formal discussions can be friendly and simple, with formality kept to a minimum.
     
  7. Be Very Positive - Celebrate great performance! Focus on what’s going well. It's about successes and building on strengths, not spending ages on their weaknesses - that serves no-one. Go with the positives!
     
  8. Achieve Their Needs - Remember that we all have needs that we want fulfilling. By working with your people to create outcomes that will do this, you will strengthen your relationships and channel effort in a constructive direction.
     
  9. Tackle Discipline - Whilst it often happens, Performance Management is not about managing indiscipline. That has to be managed in a different way. By setting clear standards in your business that everyone understands and signs up to, discipline becomes much, much easier.
     
  10. Learn from Mistakes - As part of regular on-the-job and informal review, mistakes will come to light; things will go wrong. By using the ‘What went well? And ‘What could you do differently?’ format, the unsatisfactory performance becomes controllable and a positive step.
Conclusion

Give these ten performance management tips a try... maybe not all together, but one at a time. Have fun! There are other benefits apart from just improving the performance of your people - can you identify them?
 

About the Author:

Martin Haworth is a Business and Management Coach. He works worldwide, mainly by phone, with small business owners, managers and corporate leaders. Martin has hundreds of ideas, hints and tips at his website.


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