About

What are the top 10 benefits of performance management ?

• 1. Better understanding by employees of their responsibilities.
• 2. Managers accurately know each employee’s strengths and weaknesses.
• 3. Collaborators are and feel motivated to improve their performance.
• 4. Easy recognition of talent within the company.
• 5. Strengthening the company’s values.
• 6. Perception of problems at an early stage, containing their growth.
• 7. Identification of possible future problems, avoiding them through an early diagnosis.
• 8. Providing a solid foundation for setting performance goals.
• 9. Improvement and accuracy in hiring planning and selection processes .
• 10. Consequent reduction in staff turnover .

Finally, the gains are numerous and do not stop there, after all, the main advantage sought is the improvement of the company’s general performance, beyond just profit.

Thus, another important aspect measured through performance management is its ability to remain in the market, generating profit in the future .

With this perspective, the Balanced Scorecard was created , which dictates certain perspectives, based on cause and effect, that your company must measure jointly, in a balanced way. Are they:

• Financial perspective: for growth and profitability based on business cycles of growth, stabilization and harvest.
• Customers’ view : dealing with customer satisfaction, loyalty, retention, acquisition and profitability.
• Perspective of internal processes: aiming at the innovation process (creation of goods), operational process (production of such goods) and the process of after-sales services (such as support)
• Learning and growth vision: referring to the capacity of each employee, as well as their training, alignment and level of satisfaction.