This PPT slide, part of the 22-slide Performance Management - Fairness Factors PowerPoint presentation, focuses on the first factor in implementing fairness factors within performance management, specifically linking performance goals to business priorities. It emphasizes the importance of establishing trust through clear communication of expectations. Employees must understand how their individual contributions align with the broader organizational objectives. This alignment fosters a sense of meaning and purpose in their work.
Two key actions are highlighted. The first is to seek employee buy-in on their Key Performance Indicators (KPIs). This approach encourages involvement from all levels of the organization in goal-setting. The text suggests that top-down delegation of goals often fails to engage employees effectively. Instead, when employees feel they have a stake in their own objectives, it can lead to higher levels of engagement and motivation.
The second action is to fine-tune employee goals regularly. The slide notes that many organizations infrequently adjust KPIs, which may hinder responsiveness to changing strategies or market conditions. Regular revisions of these goals are necessary to ensure they remain relevant and aligned with the organization’s evolving priorities.
Overall, the slide underscores that deploying fairness factors requires a commitment to engaging employees. This engagement not only helps them understand the impact of their efforts, but also necessitates ongoing coaching from managers and adjustments in compensation systems. The insights provided here are crucial for organizations aiming to enhance their performance management practices.
This slide is part of the Performance Management - Fairness Factors PowerPoint presentation.
EXPLORE MORE SLIDES FROM THIS PRESENTATION
EXPLORE MORE PRESENTATIONS ON
Performance Management Fairness Key Performance Indicators KPI Purpose
Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.
Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.
Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.
Download our FREE Strategy & Transformation Framework Templates
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more. |