Most Viewed Advice
- Do job seekers care about an employer's brand?
- Career In Information Technology
- Hating Your Job Might Be Making You Sick
- How To Talk About Your Biggest Weaknesses In A Job Interview
- What does your CV say about you?
- How to answer the job interview question, ‘What is your biggest regret and why?’
- 15 Ways to win at job interviews
- "Where do you see yourself 5 years from now?"
- Here’s the kind of training millennials need to get ahead in 2017
Still Sweating After the Interview?
Performance development plan
A performance development plan focuses on enhancing the performance levels of the employees. It provides additional motivation to exceed the targets assigned. It assists in setting goals and provides the direction to attain them.
A performance development plan focuses on enhancing the performance levels of the employees. It provides additional motivation to exceed the targets assigned. It assists in setting goals and provides the direction to attain them. A well-defined Performance Development Plan is important from an organization’s point of view as the growth of the company depends highly on how the employees perform.
Certain factors that should be considered while defining performance development are: What is a good job? How long will it take to achieve it? What is the acceptable degree of accuracy required? What are the budget considerations? What results would be considered satisfactory? How is good performance differentiated from a poor one?
Performance Management is definitely a vital component in the manager – employee relationship. Successful system ensures open, honest and productive work environment. The key features of performance management system are:
It is a constant process that starts during the hiring process and continues for a year.
It includes strategy formulation, task allocation, review and evaluation of work and determining the potential.
It encourages employees to achieve assigned targets, It offers them a chance to take part in the performance development plan formulation and assists them in their development.
It gives a chance to managers and employees to openly discuss issue of performance expectations and evolve a plan for meeting the organizational expectations.
A performance development plan highlights areas requiring improvement; assesses the current performance and analyzes its impact on the organization; shows the way to enhance the performance and identifies the potential of the employees. In determining performance standards one should take the following process into consideration:
Define the short term goal: This is as per the department. For e.g., in a production department it would imply enhancing the production targets. It also takes into consideration improvement of skills and knowledge.
Define long term goal: This involves quarterly or annual goal setting. The process of reviewing these goals should also be chalked out.
Find out the requirement of resources and the need for training: This also involves budgetary concerns. Start by finding out the areas that require improvement. This can be done either by in-house trainers or external agencies.
It imperative to clearly highlight the incentives for achieving the process. It rewards and recognizes the employees.
Documentation is an important element: Every plan made should be recorded for future reference.
Thus, a performance development plan should be clearly developed taking all the above mentioned pointers into consideration and should aim at performance improvement in the pre-determined period.
Apply Now - Resume or CV with Job Post Title
Email: jobs@aarenconsultants.in
Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs) have become the standard term that organisations use to define goals and objectives that ensure employees are achieving. Analysts describe KPIs as the business metrics that drive a business forward. But what does that men to individuals and how
When starting a new job, it’s vital to get your KPIs down on paper, especially if the success of your probation period is dependant on achieving them.
What are KPI’s?
Many of you will know where you want to be in one, two, five or more years. You may want to move into management, become the head of department or set up your own business, for example. And you may already have a plan in place to help you achieve your goal so that you know what you need to do and how to get there.
Businesses are exactly the same.
A business will also have short, mid and long-term objectives and will put measures, or KPIs, in place to achieve these goals. Therefore, as part of the company, the meaures that you are given as an employee are designed to reflect the organisation’s overall goals, to help them get to where they want to go.
For example, they may want to be viewed as one of the best call centres in their region. So your individual KPI may be to reduce call-waiting times by 20 per cent by answering 80 per cent of all telephone calls within the first 30 seconds.
To make them effective, each KPIs should be SMART:
Specific – a well defined goal that is clearly understood by everyone.
Measurable – can you track your progress towards the goal?
Agreed - both employer and employee must agree on what the goals are.
Realistic - can you achieve the goal with the resources provided?
Time related - will there be enough time to complete the task?
How do you know if you are on target? This form of management by objectives is popular with many business leaders because it enables organisations to measure results in terms of sales, profits, margins and productivity.
Once you and your manager have agreed what you will try to achieve in the period ahead, regular one-to-one discussions should follow whereby you will both review your performance and ensure that you are on course for achieving your objective on time.
This will involve comparing your previous performance to your current level and taking steps to keep you on track.
Love them or hate them, KPI’s are here to stay. And, because your KPI’s are
aligned to the goals of your company, there is the sense of responsibility and ownership that you are an influencing factor in the fortunes of your organisation.
How to Handle a Job Performance Review
Try to find a career path for the job you are in. What is the next logical promotion or job that would give you greater responsibilities if you do your job well? Is it higher paying, does it have more responsibilities? If there is no career path and you are ambitious, you may realise that you are in a dead-end job and decide to start looking around. If, on the other hand, doing your job well may lead to a promotion, you will want to know what it is that you have to do to get the promotion!
Get your supervisor to explain in detail what the measurements of good performances are: What do you need to do in order to get ahead in the job you already have, or move laterally, or get an increase in pay?
Agree with your supervisor on your plan for accomplishments this next year. This way, you and s/he can be on the same wavelength as to how you meet these measurements, and you can feel confident about getting an excellent performance rating or a promotion for the next review.
By the way, don't argue or take things personally. It never works. The review is not a reflection or your own accomplishments or self-worth -- it's only a perspective of the reviewer given a set of priorities that the reviewer has. Try to find out where the reviewer is coming from and get a sense of his/her plans for the department, so that you can know how to deal with him or her in this next year.