Where success is both an art and a science, one critical practice in modern business that stands as the cornerstone of driving growth and excellence: Performance management.

It is performance management that is mapped to business goals that bring about clarity, agility and business opportunity.

A robust performance management system improves the company's ability to drive the right results from its workforce.

 In a sector with stiff competition and inertia to harness newer opportunities, SMEs with the right performance management systems stay ahead of the curve.

There are a number of steps that companies can take:

• 360-degree review mechanisms
• Setting the right goals
• Developing competency-based approaches
• Conducting continuous reviews

Companies that have been successful in doing this have seen a dramatic improvement in their employees' performance, adaptability to change, and productivity

A recent Deloitte study revealed that around 58% of executives stated their current performance management approach drives neither employee engagement nor high performance, and only 8% of companies reported that their performance management process resulted in high levels of value.

So, what exactly do organisations need to do?

Download the ebook and gain insights:

• Steps to unleash employee productivity through the right goals
• Role of KPIs in Revolutionising Performance Reviews
• Focus on competencies and skills that enable them to enhance productivity
• Leveraging analytics to create data trends based on the 9-box Grid Matrix

Download now