The Mandate for Performance

The goal of every business owner is profitability. An organization's success majorly depends on the employees' performance. Poor performance is adverse to the company's success. Creating a Mandate for Performance to manage and coach the work force requires the expertise of a human resources manager and the support of the company's administration. This plays a crucial role in achieving the company’s goals and standards.

Today’s Performance Mandate is based on the following factors:

1. The need for performance documentation due to regulatory requirements, to support employee reviews and/or compensation decisions, and for talent staffing and management.
2. The need to engage employees to improve productivity, performance, and alignment with corporate objectives.
3. Consumerism. Employees want access to information. Employees want the same tools and functionality at work that they have access to at home. This means technology must be easy to try, buy, use technology.

The Business Case for Engaging the Workforce:

A comprehensive review by the Department of Labor of more than 100 studies that examined the link between progressive people practices and improved bottom line results concluded that there is a positive relationship between training, motivating, and engaged employees and improvements in productivity, employee satisfaction and financial performance.

•             Highly engaged employee companies enjoy 26% higher employee productivity, lower turnover, higher talent attraction, and greater shareholder return.

•             Talent management practices power engaged companies to achieve higher profit per employee by nearly 40%. This brings up a great contribution to the company’s success.

Common Characteristics of High Performance Workforces:

Clearly the most noticeable difference between the higher-performing workforce and a normal workforce is in the level of energy and emotional commitment that employee’s exhibit on the work floor. 

•             They have clear approach towards the company’s goals and plans (connection between daily people performance and financial objectives).

•             They engage in a valuable communication with all the company members (healthy dialogues).

•             They develop and maintain positive relationships among all the members (sense of community).

•             They are ready to solve all the problems anytime and make worthy decisions on a timely basis (culture of accountability and customer-orientation).

•             They successfully manage conflicts and resolve them between themselves.

•             Facilitate productive meetings among the employees (Time, resources and results sensitive).

•             Clarify roles assigned for team members.

•             All the employee’s operates in a productive manner.

•             The team leaders exhibit effective team leadership to all the members.

•             The team leaders provide best development opportunities for team members.

•             All the employee’s have an aligned (unified) commitment of vision, mission, and values towards all the Business Strategies.

Each successful business organization reaches peak workforce performance within an integrated organization approach or path that generates wide spread effect on the employee’s performance. The measures implemented are well planned and followed about how the positive energy is channeled to yield higher performance from the employee’s. The energy sources and channels of performance mandate are supported by systems that simultaneously impact performance and fulfillment of aligned goals in an organization.

About BullseyeEvaluation: BullseyeEvaluation is a performance management solutions company that optimizes organizational performance of companies, nonprofits, and academic Higher Education institutions. We are dedicated to formulating the right solutions for our customers and the ongoing care required for optimizing their performance management through our solutions. For further details visit http://www.bullseyeevaluation.com/

Employee recognition increase motivation, engagement and productivity

According to a recent survey employees are not satisfied with the quantity or quality of feedback.

• Only 1 in 10 American employees are “very satisfied” with their job.
• 59 percent of employees are not satisfied according to a recent 2012 SHRM survey, contrasting with 42% of HR professionals

Employee recognition increases motivation, engagement and productivity. It allows managers and peers to reinforce positive behaviors 360-degree feedback and recognition is provided on a frequent basis. Employee recognition is the timely, informal or formal acknowledgement of a person’s or team’s behavior, effort or business result that supports the organization’s goals and values, and which has clearly been beyond normal expectations.

Annual or semiannual reviews are not frequent. Employees who receive recognition throughout the year are more satisfied in their roles compared to those who only receive it once or twice a year.

Of those who receive ongoing feedback and praise throughout the year:

• 75 percent are satisfied with the level of recognition they receive for doing a good job at work, compared to 42 percent who only receive annual feedback.
• 91 percent think their manager or supervisor acknowledges and appreciates them at work, versus 60 percent who only get annual reviews. Read the full article here from Derek Irvine.
• Nearly a third of the workforce is significantly disengaged.

Aspect of Employee recognition:

There are two aspects to employee recognition. The first aspect is to actually see, identify or realize an opportunity to praise someone. If you are not in a receptive frame of mind you can easily pass over many such opportunities. This happens all too frequently. The other aspect of employee recognition is, of course, the physical act of doing something to acknowledge and praise people for their good work. These recognitions will have a great impact on the employee’s performance and yields much better and faster outcomes.

 Benefits of the timely Employee recognition on the employee’s performance:

·         Increases individual productivity of the employee’s.

·         Provides greater employee satisfaction and enjoyment of work – employee’s more time spent focusing on the job and less time complaining.

·         Direct performance feedback for individuals and teams is provided making them more enthusiastic towards their contribution to the organization.

·         Higher loyalty and satisfaction scores from customers.

·         Teamwork between employees is enhanced.

·         Retention of quality employees increases – lower employee turnover.

·         Better safety records and fewer accidents on the job.

·         Lower negative effects such as absenteeism and stress.

Traditionally, employee recognition has not been an important appraisal activity, but now implementing timely appraisals and employee recognition can be a motivation in an organization. If you are a human resource manager, you can initiate it in your area. You could start doing it deliberately, not even telling others about the change, but doing it and observing the results yourself. We can conclude that Employee recognition is a key success factor even at higher levels of management.

About BullseyeEvaluation: BullseyeEvaluation is a performance management solutions company that optimizes organizational performance of companies, nonprofits, and academic Higher Education institutions. We are dedicated to formulating the right solutions for our customers and the ongoing care required for optimizing their performance management through our solutions. For further details visit http://www.bullseyeevaluation.com/