Performance Management
Identifying the right Key Performance Indicators (KPI)
Do your employees know what the company´s key indicators are and how do they show your business performance? Is your overall Business Strategy rolled down to the organization through performance drivers? We will help you identify main KPIs and their optimum structure.
Goal Setting and Evaluation (GOAL)
Once KPIs are identified you will need to translate them into company, team and individual goals which will become an integral part of your performance management system. An appropriate rating scale will have to be selected for the evaluation of your employees’ short- and long-term performance.
Identifying the right employee to participate in the PM system (EE)
You will probably not argue about your sales people but how much can your assistant drive the company´s performance by fulfilling their goals? Do all employees have their goals set according to their direct influence?
Linking the PM system to employees´ compensation (COMP)
There are several ways how to link performance management system with the compensation system. Use either short-term incentives, or focus more on annual goals and their evaluation. We will help you find the right mix of incentives affecting both variable and base pay.
Performance Management Process Guidelines (PRCS)
How do you link performance management with your annual business cycle? We will help you design company guidelines covering the whole process: from approving annual KPIs, goal setting exercises, through regular progress checks to final evaluation, their calibration, and bonus pay-outs.