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5 key rules of performance management for a diverse workforce

• By Sameer Bhide
5 key rules of performance management for a diverse workforce

In these trying times, as global economies are coming to terms with the new normal and are in the process of resurrecting, it is ever more important to focus on building and nurturing a diverse workforce. And diversity of not just people from varied ethnic backgrounds, nationalities, and genders, but also folks who bring diversity of thought, can be an asset to any company, seeking ’out of box’ and agile solutions to beat the challenges brought up by the new, post COVID world.  They may include people from different industry backgrounds, educational qualifications, professional experience or age, apart from their demographics. 

And while diversity in the workplace has been encouraged in the modern professional world, it is yet to be fully understood. Decision makers and HR leads need to first understand that it goes much deeper than to just recruit a ‘diverse’ pool of people to build cross-functional and global teams at work and need to learn how to best leverage these enriching skill sets to the best possible use for the business. Above all, they need to also appreciate diversity and inclusion as a method to bring different perspectives for problem solving and driving innovation, so as to gain a ‘competitive advantage’ over just being an HR policy and corporate image building tool. 

In order to attain  ‘competitive advantage’ by leveraging the diverse workforce, one needs to identify, nurture and work towards a consistent performance management plan, that is sensitive, customised, engaging and enriching for the employees, as much as it is to the company. Managing employee performance is the key to build competitiveness and ensure growth through continuous monitoring, feedback and training. While all employees need to have fair performance management systems to keep them productive, an organisation also should give some consideration for differences and uniqueness of its employees. 

Listed here are 5 key steps to ensure this is done smoothly and effectively: 

Going forward, our differences and varied backgrounds is what is going to help us survive and get through the post COVID era, to build a more inclusive, and growth oriented economy.   

 

This article was first published in March 2021.