Three stages of performance management maturity

Managing individual performance is key to creating a high performing organization. Strong individual performance management systems include not only annual employee appraisal but also include performance planning, performance feedback and coaching from supervisors. These elements combine to ensure employees are clear on expectations about their performance, and have regular and timely feedback on how they are performing. Organizations that have these things in place are well on their way to becoming a strong performing organization.

To improve your performance management system further consider using a performance management maturity model to monitor how your performance management system is evolving. In terms of their performance management maturity, companies can be categorized into 3 stages- 1) ‘Novice’ stage in which the companies have either not yet started or have just started to develop their performance management strategies. 2) ‘Intermediate’ stage in which the companies are in the middle of developing and implementing performance management strategies. 3) ‘Advanced’ stage in which the companies have clear performance management strategies in place. In a study conducted to find out how performance management is organized within companies today, it has been found that more and more companies are starting to shift to advanced stage of performance management maturity. To find out what’s involved in having an advanced performance management system or for more information on performance management and employee engagement contact info@myhrpro.com

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