Performance Management System Small Business

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Small businesses need to keep the employee motivated and engaged. Using a performance management system will help companies do that efficiently.

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Performance Management System Small Business

  1. 1. Why Performance Management isimportant in a small business?
  2. 2. 2The CruxSmallbusinessGetting newclientsManagingcash flowsMakingemployeecountMaintainingcustomersatisfactionsIn a large company, there may bebuffer resources but that is not anoption for smaller companies – insuch an operation, managers shouldlook to optimize every asset,including peopleSmall businesses need to get themost out of their people bymotivating and engaging with them
  3. 3. Systematic performancemanagementEmployee moralePerformance management activityCopyright 2013 | Saigun TechnologiesPvt. Ltd.3Does initiating a performance management activity mean moreoverheads?Automation and more defined measurement metrics can actually drivebetter business results and small companies cannot afford to ignore anykind of performance enhancement initiatives.
  4. 4. Performance management benefitsIndividualgoalsBusinessobjectivesPerformancemanagementsolutionCopyright 2013 | Saigun TechnologiesPvt. Ltd.4By setting individual goals, employees can work out how to prioritize workand which jobs require more focusBy indicating how each job is connected to the overall business strategy,employees become more purposeful and are motivated to work harder
  5. 5. Performance management benefitsProvide frequent and constructive feedbackSmaller companies understand howgoals need to be achieved and whetheran employee needs further coaching orsupport to achieve their goalsHelp employees feel valued and know whatis expectedCopyright 2013 | Saigun TechnologiesPvt. Ltd.5As small businesses typically lack promotion opportunities,offering training can encourage performance levels and overallcompetency of the entire organization
  6. 6. Thank YouCopyright 2013 | Saigun TechnologiesPvt. Ltd.www.empxtrack.com

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