Performance Management
In recent years Performance Management has been the most criticized and reviewed HR process worldwide. The way Performance is managed has sought to adapt to the values of Millennials -and now Centennials- evolving to become a key tool to be able to execute the Company's Strategy.New innovative models are taking hold as companies redefine the way they set goals, assess performance and potential, and use novel technologies to achieve a fundamentally simpler and more engaging process.
CompStrategy can help you get the most out of your Performance Management System. We start by analyzing expectations, advising our clients to focus on transforming the Performance Management process as a rational evolution. While the elements of Performance Management may be similar in different companies, each needs to develop practices that are relevant to the specific business context and culture. To do this, gaining the support of stakeholders in different areas is essential to achieve effectiveness.
CompStrategy can help with:
- Performance Management Strategy
- Designing the Performance Management Process
- Objective Setting Process, including workshops on how to set excellence objectives and personalized advice on individual objectives
- Design of the Performance Appraisal Process, including the use of committees, and the design of committee agenda and roles, application of forced, semi-forced, induced or free curves
- Evaluation Calibration, based on cultural bias to ensure accuracy, fairness, differentiation and performance management
- Interaction of Performance Management with key HR processes including: Compensation, Training, Development and Career Planning and Succession/Replacements
- Evaluation of data, web, and mobile analytics technologies to develop agile models that drive employee engagement, performance, leadership, and growth
These are some of our Areas of Expertise: