While creating and implementing a performance management, remember following performance management best practices: Frequent and timely reviews. Frequent meaning on a schedule that prompts an assessment cycle more often than once a year, and timely meaning when feedback is most pertinent following the completion of a major project, on an employment anniversary, etc. A balanced approach when collecting feedback. Allow for self-assessments alongside manager assessments and provide the means for collecting feedback from the employee’s teammates, subordinates, customers, and even vendors. Automation to eliminate the most time-consuming or burdensome aspects of performance management, such as scheduling reviews, conducting them, and collecting and consolidating actionable data from them.
It also provides a foundation for better follow up as you can easily track performance progress over the long-term with automated reporting features. A focus on people and relationships. Positive, genuine relationships between employees and leadership fosters a culture of growth and accountability. In such a culture, high performance is a natural conclusion to a process that enables attentive relationship maintenance, mentorship, and communication.