Young and emerging businesses face numerous challenges while designing performance management - from clearly defining clear performance metrics and criteria, leading to inconsistent evaluations and subjective assessments, to limited resources and expertise that often hinder the establishment of structured performance management systems. The absence of dedicated HR personnel and training opportunities also impedes the development of employees' skills and growth within the organisation.
Additionally, communication gaps and a lack of formal feedback mechanisms hinder effective performance monitoring and improvement. Finally, budget constraints lead to difficulties in differentiating and rewarding high performers, impacting motivation and retention. In this virtual masterclass, experts will share the requirements to move to a strategic performance management system.
In this exclusive virtual discussion, People Matters, in association with Keka, will cover the following:
In a fast changing macro-economic business climate, why you should develop a result-oriented performance management framework.
What strategies SMEs and fast growing organisations can adopt to define clear performance metrics and criteria that align with their business objectives.
How emerging organisations can ensure fair differentiation and appropriate rewards for high-performing employees within their limited budgets.
How HR leaders in fast rising organisations can create a performance-driven culture and foster emp And how they can take data-driven decisions from people analytics (performance analytics).
Abhishek MehrotraChief Human Resource Officer, Yubi
Naveen NarayananGlobal Head of HR, Biocon Biologics