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6 Best Practices for Modern Employee Performance Management 

15Five

Today’s workers need more than what many companies offer in terms of goal-setting, feedback, coaching, and career development. Keep reading for six proven best practices for developing a performance management process that gets results. What if managers don’t know how to coach effectively (or at all)?

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9 Effective Talent Management Strategies in 2024

Engagedly

Talent management tools boost productivity and efficiency by streamlining procedures and making important information and resources easily accessible. Investing in employee professional and personal growth by offering various learning platforms is a good idea. One such initiative can be to implement learning management systems (LMS).

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Performance Management: A Key to Employee Development and Retention

WorkDove

According to the Society of Human Resources Management, performance management is, “the process of maintaining or improving employee job performance through the use of performance assessment tools, coaching and counseling as well as providing continuous feedback.” This may involve providing coaching, training, or other resources.

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5 performance management best practices

Bob

Avenues for communication include learning and development initiatives, coaching relationships, and regularly-scheduled one-on-one meetings on top of more formal performance reviews. Another goal-setting framework that lends itself well to effective performance management is OKR, or Objectives and Key Results.

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Maximizing Employee Potential: A Guide for HR Executives

Engagedly

However, micromanagement is not a solution to tackling the situation. For this, deploy a state-of-the-art system for monitoring work from home employees that can track their check-ins and productive work hours. However, onboarding a special career coach can uplift your efforts. The best part?

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What Google, Adobe, and Cargill Changed About Their Performance Management Strategies

HR Daily Advisor

Google launched “Project Oxygen” in order to assess how its managers were doing and to suggest future training and coaching when inadequacies were uncovered by the performance management process. Project Oxygen uncovered 8 traits that Google managers, ranked in order of importance, must possess: Be a good coach.

Adobe 65
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5 Major Objectives Of Performance Management

Vantage Circle

Also, your existing performance management system is doing nothing to elevate employee performance. Instead of kicking your performance management system to the curb, just revamp it. The first step in establishing a performance management system that actually works is to understand the objectives behind it.