When you want to unlock the full potential of every employee, performance planning is the right choice. This strategic tool enhances the performance of your employees, but it does more than that. It contributes to the growth and development of those employees and offers a more supportive environment for them to thrive.
Employees want to contribute to the organization's success and feel needed and wanted in their roles. When employees understand their jobs clearly and have all the tools they need to excel, they do. Here's what you need to know about how to create employee performance plans and use them in all the right ways to get maximum benefits for every one of your employees and the company.
Understanding the Specifics of a Performance Plan
Creating an effective employee performance plan is essential to a solid and successful business in the present and future. The right plan encourages employees to take ownership of their career development. Some ways it does that include setting clear goals, providing frequent feedback, and challenging each employee individually.
Performance plans make sure employees can reach their full potential during their time with you. That means it's easier for them to accomplish more on an individual level and to work together to advance the goals and interests of the company overall. This plan encourages a productive environment, reduces employee turnover, and enhances job satisfaction. Happy, productive employees are a successful asset to your company.
Performance Plans Offer Significant Benefits
When considering the benefits of performance planning and how you will develop and use it, there are three key areas to consider. These are the individual employees, the manager, and the company. Looking at all three areas can help you make the best performance plan decisions, so everyone gets the most from any adjustments you make.
Benefits for Employees
Employees with a performance plan can experience more professional development and growth. While they may have a successful education and even years of experience in the field or industry, there's always room for more learning and exploration. Coaching and feedback from a manager help your employees see areas where they're excelling and where they may need or want to make adjustments.
Value for Managers
Managers also get much value from employee performance planning. You can coach and train employees to handle their work tasks in the best possible way for them, you, and the rest of their team, giving you highly skilled and well-trained employees. Vital employees are excellent choices for promotion, support, and working with their managers and team members to continue to build a firm foundation.
Significance for the Company
Any company benefits from well-trained, happy, and productive employees who can work independently and function as a cohesive unit. When you create and use a performance plan for each employee, the company gets the workers they're looking for and can move forward with plans and goals that require everyone to pull together. There's real value for a company's growth when it has firm, trusted employees.
Define Expectations to Set Realistic Goals
Starting any performance planning for an employee begins with clearly defining expectations. We should tailor plans individually because each employee will have different expectations. The plan should contain long-term and short-term objectives, along with what you and the overall company expect to see from the employee regarding those objectives.
Being realistic is vital to reaping the benefits of performance planning since asking less of employees doesn't help them focus or stay motivated in the areas that matter most. It can be very demoralizing and demotivating for an employee to feel you're expecting far too much of them. Instead, you want to encourage them strongly and push them gently so they can excel and do more than they thought possible without feeling too overwhelmed.
Managing conversations with employees is crucial to understanding what's expected of them and why you're asking for what you're putting in their plan. If they aren't comfortable with the goals you're setting for them and the performance you're looking for, this is the time for them to speak up and tell you why their plan is a problem.
You may work with them on adjusting it, so you still get value from working with them, and they feel more confident in their ability to provide what the company needs. Most employees want to work hard and do well for any company, but they sometimes need help understanding exactly what's expected of or required from them. A performance plan reduces stress and confusion and helps everyone work together more comfortably.
The Bottom Line on Employee Performance Planning
The most important thing to know about the benefits of performance planning for employees is that it is a process. From creating and defining expectations to having meaningful conversations about current and future goals, you need to move through performance plans with intent. Then, you can feel confident that you've conveyed your needs to your employees and that they understand what you're asking of them.
Your employees can only give you their best by knowing your needs and expectations. They also need help to experience and understand their development. When you provide that support, the benefits of performance planning extend to your employees, their coworkers, managers, and the company, improving long-term value for everyone.
Pixentia is a full-service technology company dedicated to helping clients solve business problems, improve the capability of their people, and achieve better results.