The best companies put a premium on transparency. At truly transparent organizations, employees see how their work aligns with overall business strategy, while executives visualize how their human capital is contributing to objectives. This is important across the entire strategic talent cycle, and nowhere more than performance reviews.
As a business leader, you understand the strategic value of transparency. Without a clear line of sight into the workflow of your employees, and a performance management system that tracks it, goals easily become misaligned.
Here are four ways increasing organizational visibility and talent alignment can improve your performance management method:
It's likely your current performance management method makes visualizing the work within your company difficult. You can see what's happening with your direct hires, but what about everyone else?
Using a talent alignment platform like ClearCompany gives you visual tools in order to concretely “see” and understand performance and progress on a day-to-day basis. One look at an individual employee’s work profile will show you how they are contributing to your goals and strategy, allowing you to correct wayward workers and reward your best employees.
Tie Individual Contributions To Goals
Good performance management helps business leaders understand how their human capital contributes to larger-scale company goals. However, great performance management also helps workers understand their place in the company.
Tying individual work and contributions to goals helps every employee align the work they do on a day-to-day basis with the overall business strategy. This ensures motivation stays high and contributions always add real value.
Additionally, by being able to quickly visualize the workflow of the whole company, executives can see the key performance indicators of team members and reward employees working the hardest and bringing the most value.
Observe Real-Time Progress
Thanks to talent alignment platforms, leaders can now fully visualize the work happening in their company as it happens. Performance management happens seamlessly, keeping workflow aligned with business strategy and helping you avoid miscommunication, delays, and missed deadlines.
Real-time progress reports and visualization help leaders see where human capital is being allocated and how to better deploy your team. Transparency is increased, not only in your corporate structure, but also in your company’s concrete day-to-day reality.
Prevent Goal Decomposition
When objectives go awry, your team is left rudderless, your performance metrics suffer, and your organization bleeds both monetary and human capital. Organizational transparency is needed to keep goals from decomposing, leading to wasted work and disengaged employees.
By breaking down lofty organizational goals into their component parts, you can see how employees tie into objectives and where work is going awry. You can see how your team contributes directly towards company goals, evaluate key performance indicators to isolate your best people, and keep an eye on performance metrics so work always aligns with the greater goals.
Increase organizational transparency, and you'll be able to better focus on long-term objectives, keep talent aligned, ensure employees stay engaged, and and help your bottom line.
What do you think? What are some ways you can fix your current performance management method through increased transparency? Share in the comments!