Performance Management

It is known that businesses can take a number of measures to ensure that their employees are in a peaceful and productive working environment. As Buddy Performance, in this article we will examine the steps that businesses can take and the modules we offer.

At Buddy Performance, we examine the importance of proper performance management in business and how it should be implemented effectively. Here are the basic principles of correct performance management and important tips on how it should be:

In this chapter, we will discuss how 360-degree appraisal systems play a critical role in assessing employee performance from a broader perspective. The role of multidimensional feedback in data analysis and its impact on decision-making processes will be emphasised.

For people, money is one of the motivational tools. The salary paid to the employee by the employer can have a great impact on his/her performance. The employee may even perceive his/her salary not only as money, but also as a sense of value and appreciation from the employer. According to a study published in the Harvard Business Review, highly paid employees are more motivated and perform better than their lower paid colleagues. However, when we consider that motivation is based on human needs, we cannot say that everyone needs the same thing. In other words, not everyone is motivated by money and high salaries. To elaborate a little more; have you ever heard of a person who "changed his/her job despite being paid the same or a lower salary"? Have you witnessed "an employee whose performance decreased because someone less experienced than him/her received a higher salary"?

Resulted by the challenges of pandemic, companies put more emphasis on performance management to keep their teams within the game. Performance has always been a priority, but to drive actual improvements, using performance management systems, KPIs, OKRs, annual performance reviews once or twice a year are not enough. Instead, companies should focus on a high-performance culture. To create that culture, adopting a mindset of employee growth through coaching, frequent feedback, and skill development should be new priorities.

Organizations these days are taking a more modern approach to HR. Human Resources departments are increasingly using technology to improve engagement and performances of employees. HR software vendors market is rapidly growing to help to modernize HR for a new generation of workers.