Performance Management 101

Performance Management 101

Since the early 1990s, organisations in most developed countries have invested increasingly large amounts of money and resources in measuring and managing their performance. These resources have been heavily focused to the implementation of sophisitcated software systems to help track and monitor perfomance and training on how to create a performance centred culture. With the exception of large conglomerates, it has not been the case with South Africa and Africa as whole where the adoption performance management principles is only now being appreciated.

Performance Management in its simplest form is the process and practice of identifying and measuring activities that will ensure that goals are consistently being met in an effective and efficient manner. Goals are normally tracked at employee, departmental and company levels. This is easily achieved through the use of performance management software systems. These systems also help to automate manaual and cumbersome performance processes.

Many organisations in South Africa and Africa are still highly dependent on manual systems such as spreadsheets. This is time consuming and usually results in loss of history which makes it impossible to make meaningfull analysis of how an organisation and its people has been performing over time. Implementing a performance management system such as iStratgo (www.istratgo.com) will highly benefit any organisation.

The following are ways in which a Perfoamance Management software system like iStratgo will benefit your organisation:

  • The strategy and company goals are better communicated and understood.
  • It enables the alignment of performance goals to organisational strategy.
  • It gives management a better understanding of employees and their capabilities.
  • It helps management make decisions on talent and performance.
  • Using software as a service payment model as implemented by iStratgo will help:

    • 1. Save on hardware costs.
    • 2. Eliminate high capital outlays.
    • 3. Benefit from improvements requested by other customers.

The Diagram below shows the levels of different organisations in terms of perfomance management.
Take some time to see what level your organisation is from the above diagram and ask yourself whether you can still maintain the status quo during these days of high competition.

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