Culture”. If this term leaves you confounded as an HR employee, then you are
not alone. Scores of companies struggle to find a way to set appropriate
performance indicators that help fulfill growth strategies and drive work
glossary defines performance driven culture as
The concept of a performance-driven culture is a change in management style that
shifts from a “rearview-mirror perspective” focused on financial measures to a
perspective that balances this with the use of leading performance indicators
and weak signals to actively seek and then act on patterns to drive better
organizations make it their culture to seek better performance and reward it accordingly,
based on the value they provide, to positive business outcomes. Here are a few
tips on crafting the (almost) perfect performance driven culture within your
1. Clear target visibility – By knowing the goal a
business needs to run after, employee efforts can be streamlined well. Once
your overall business target is determined, it needs to trickle down to
departments, and to every employee in form of clear KRAs.
For instance, a business
goal will be to reach $100 million in next financial year, of which 15% is
allocated to HR. So if you are heading HR then you might think of employing the
expertise of human resource management
software companies in India to bring down costs and improve margins to meet
the revenue targets. You can also look at deploying HR and payroll software from low cost experts in india to bring down man-hours on these routine tasks.
Put up the business
targets in cafeterias, meeting room, and operations bays, in order to keep
their visibility 24x7.
2. Timely feedback – Make it a rule to set
up a mechanism of relevant and timely feedback. Strive for at least quarterly
employee meetings with manager, so that the relevance is there when feedback is
given. This helps employees and their managers to work together to correct any
deviation in performance without any time lag.
If, for instance, the
company does only a yearly performance review, then it might happen that an
issue detected in May 2015 will not hold any relevance by the time the performance
review happens in March 2016 (after 10 months of the issue taking place).
Such real time feedback
systems can be developed and deployed by human
resource management software companies in India at affordable costs and
3. Recognition – Top performers need
to be recognized and rewarded on a company-wide platform. This not only
motivates the top performers, but also inspires others to be at that platform
of recognition and success. HR managers can enlist the help of expert human resource management software
companies in India and their HRMS solutions.
They can set up automated recognition alerts that informs all employees of this
spotlight and brings about healthy competition at workplace.
These tips will ensure
that your company benefits from a performance driven work culture and thus
provide a clear roadmap for employees on their way to success. Do write in to
us with your thoughts on the prevailing performance review system.