McKenzie Stretch Performance Management
What is Performance Management?
It is where a manager -
- coaches subordinates to set and achieve their own goals,
- facilitates on the job learning and development,
- motivates subordinates,
- monitors performance,
- counsels poor performers,
- drives both a structured, formal coaching process and informal, daily performance-based interactions.
The Evidence
Which are the most valuable HR interventions in terms of return on investment from most to least?
- Performance management: assessment, monitoring and skilled feedback on specific, measurable, time-bound Key Performance Indicators and Goals
- On the job learning, coaching and development against mission critical competencies and goals
- Staff recruitment against business, mission critical goals
Consider this research -
70% of management and staff development occurs on the job
Effective skill development primarily occurs when an employee is given new and tough responsibilities
Talented people are mainly motivated by satisfying their need to grow and develop
Talented people significantly add to business profitability
Talent is in increasingly short supply
Put these facts together
To continuously improve profitability, businesses need to have the values, structures, challenges and the senior management capacity to successfully attract, develop and retain talented people. Performance management is an integral piece of the puzzle for success.
What McKenzie Stretch Does
McKenzie Stretch assists mainly small and medium sized businesses in linking people to performance that drives profits. We help you with the building blocks to develop or transform your organisation into a high performance workforce - leaving you with a sustainable model and the skills to continue performance management for improved profit into the future.