Seven Pillars of Performance Management Applicable to Any Business The concept of performance management entails facilitating your employees with the right conditions and giving the incentives to help them be comfortable in the work environment so that they can deliver the best results for the business. Whenever they fail to do that, businesses are likely to experience low performance, and the businesses may not live long to achieve their objectives and here are some of the ways that you can go about performance management. Communication – Communication can be in various forms, but the best one is having discussions with your employees. Through discussions, you get an opportunity to listen and understand your staff and they also develop trust in you. Through the talks, you will learn a lot about them and also get information that can be vital for decision making. Give room for criticism from them as you will learn how to adjust and work harmoniously with them. Feedback – Getting feedback from your employees is crucial for your business, but it should not be done forcefully. Give them a space to approach you and give you an update of the encounters in their various work stations. However, if you demand to get feedback then, you are mostly to get wrong information that can be quite misleading.
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Honesty – One of the most important virtues to uphold whenever you are dealing with a group of people is honesty, and with that, they can live to trust you. When you are open and honest with your employees, they will return the favor by being respectful and thus, mutual benefit.
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Acknowledgement – Do not always focus on criticizing your employees as this practice demotivates them. There is a great positive impact on an employee when he realizes that you recognize his goods deeds. Employees will always work hard to please you whenever you recognize their efforts, and you must also form a habitat of rewarding them whenever they get excellent results. Establish a formal system – You must realize that performance management is a formal process and deal with it in the same way. A formal system is easy to evaluate and identify the areas of weaknesses that you should improve on. A complicated system can be cumbersome to understand and therefore, inappropriate for performance management. Be positive – Within your organization, good and bad things will be happening but it necessary that you concentrate on the good one. Bad things demotivate, but that does not imply that you should ignore them, but you can get ways of improving them. Concentrating on your failures can be quite disheartening such that you may not have the gusto to move on and achieve your goals. Handle employees’ needs – The employees are a valuable resource to the business. Ensure that employees are happy and satisfied with working conditions and you must give them reasonable remunerations. It is only a satisfied worker that will perform optimally.

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