“Removing Roadblocks on Your Path to Success”
This month: Ranking Performance – “I Give It a 10!”
Have you been avidly following the Olympics? Like the majority of the Nation, the chances are you have. The events have been undeniably thrilling and inspiring to watch, and for many of them, easy to determine a winner based on indisputable results, such as the fastest time or the highest score. However, there were other disciplines where it was more difficult to pick the winners. For example, judging gymnastics or diving is far more subjective, and it was up to the judges to assess each performance and assign points in order to determine the outcome.
As a business owner, you often act as an Olympic judge when measuring employee performance. Every company has its own gold medalists as well as average workers. When assessing employees as part of a job review, do you ever wonder if you are able to measure their performance fairly, objectively and consistently?
This can be determined in several ways. First, you need to set parameters. But what metrics will be used to measure performance and, more importantly, how will those metrics impact your operations? We recommend establishing SMART objectives as part of the employee review process. That way each employee will be guided by a well-defined set of objectives that is in line with the company’s goals and career path of the individual.
It is also important to remember that a performance review is not the same as a salary review. It is certainly necessary to incorporate financial compensation as a reward for good performance. We recommend performance review tools such as Success Factors that are measurable and repeatable, helping the manager be consistent and fair.
NEW ON PCG’S WEBSITE: We are excited to announce the launch of our new video series, including one explaining our employee development services and how we assist clients in aligning their business objectives with their employee performance reviews.
AMERICAN CANCER SOCIETY RELAY FOR LIFE: Pacific Crest Group is excited to participate in this upcoming event, taking place next week on Saturday, August 25th. Please join us in our effort to bring awareness by contributing to this great cause.
SAVE THE DATE: Our next Marin Business Forum is scheduled for Thursday, September 20th at 5pm. More details about our guest speaker are coming soon.
March 2011 Newsletter
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