Performance Management System that links company growth goals with departmental and individual goals.
In today’s competitive business world, having a strong performance management system is critical for the long-term growth and success of any organization.
Many leaders face challenges in deciding what salary increments to give to their employees, which can cause dissatisfaction among high-performing team members. This is often due to the lack of a well-defined performance management system that links company growth goals with departmental and individual goals.
Our team of experts can help organizations build a robust performance management system that addresses these challenges and promotes the growth of the organization.
Developing Measurable Strategic Goals
Our first step is to develop measurable strategic goals for the organization Using Balanced Score Card Methodilogy. We work closely with our clients to identify the key areas where they want to grow and develop measurable goals that align with their vision and mission.
Deploying Goals to Departmental and Individual Goals
We then deploy these goals to departmental and individual goals using the Balanced Scorecard methodology and develop OKRs (KRAs/KPIs). This approach ensures that all employees are aligned with the company's growth goals, and their individual contributions are measured and rewarded accordingly.
Gap Analysis
Our team helps organizations develop detailed job descriptions for each position, ensuring that employees understand their roles and responsibilities and tasks.
Organizational Structuring
We help organizations structure their teams and departments to optimize productivity and efficiency. This includes designing reporting structures, identifying and eliminating bottlenecks, and developing communication channels to ensure effective collaboration.
Grading and Hierarchy Structure
We develop a grading and hierarchy structure with designations and skill and salary ranges that align with the organization's growth goals. This structure ensures that employees are rewarded fairly for their contributions.
Conducting Departmental Reviews
We conduct systematic departmental reviews to evaluate performance and identify areas for improvement. This helps organizations identify and address performance and skill gaps, improving overall performance.
Conducting Performance Appraisals
Our team conducts scientific performance appraisals that provide a fair assessment of an employee's performance. This approach ensures that employees are recognized for their contributions and rewarded accordingly, promoting a culture of high performance.