All employees within an organization have a need to know where they stand and how they're doing compared to the company's expectations of them. Therefore, annual performance reviews are a key component of employee development. Performance management is a process in which HR managers and company leaders work together to plan, monitor, and review an employee's overall performance. It considers things like work objectives, productivity, and overall contribution to the company's mission.

There are many benefits to undertaking performance reviews and committing to performance management, but this does not mean that it's a one-size-fits-all strategy. Poorly implemented performance management will cost your company big time. Poor performance management can result in employee turnover, disengagement, low employee morale, wasted resources, low job satisfaction, increased legal risks, and biased management to name a few!

Sageview Consulting offers performance management training for HR leaders and company executives to help them put a working strategy in place that benefits everyone within your company. The goal of a Sageview Consulting performance management system is to identify, promote, and improve employee effectiveness overall. Our expert consultants work to identify your organization's mission, culture, and values, followed by the design of a fair and balanced strategy to assess your employees regularly. We then guide company leaders and HR management for a smooth implementation of a new performance review strategy that your team can build upon.

What's involved in Sageview's performance management strategy?

• Discussion of job performance
• Setting company objectives
• Assessing employee progress
• Providing feedback and recommendations
• Allowing employees the opportunity to rate their own performance
• The employee and the HR leader / executive work together to set goals for the future

The mistake that many companies make is treating performance management as an annual process, which seems to be the most popular method. For business success, however, performance management should be a continuous part of running your business. Companies that implement regular performance management programs achieve benefits such as:

• Employee motivation to work harder and a resultant increase productivity
• Establishment of clear performance objectives and job assignments
• Identification of top performers for increased executive and leadership training
• Improved morale: employee morale can be felt company-wide.
• Providing ample learning and development opportunities
• Provide regular, transparent job feedback
• Help in aligning and tracking measurable goals
• By helping to control legal risks continuously tracking and reviewing an employee's performance, termination, if necessary, can be justified

Performance management reviews help employees feel like their work is being acknowledged and valued. Additionally, HR managers and company leaders can use data from their performance management to strategically set company goals for the coming year. This can help boost morale and keep employees more engaged every day.

Sageview Consulting's performance management programs give your employees the proper guidance, oversight, and reviews to help them understand what is expected of them. We specialize in helping those in hospitality, sports, entertainment, healthcare, non-profits, real estate, PR, disaster relief, and construction to design and implement the most effective strategies for business success. Contact our consultants today to learn more about our programs tailored to your industry.