Having an employee recognition process in place certainly boosts the performance and productivity of your employees, and thus, of your overall company. Every performing employee wants to get rewarded for his/her work so that they can get motivated to repeat their success. Giving corporate awards is one of the best ways to reinforce that kind of employee performance at your workplace.
For a layman to use the words advice and feedback interchangeably is quite bearable.
If a C-suite manager does the same, the entire business is likely to get disrupted.
The concepts of feedback and advice have a lot in common- both are developmental coaching tools, and share the mutual goal of stimulating growth.
Nonetheless, the two are poles apart.
The keywords “recommendations” and “future action” are what majorly distinguish feedback from advice.
Unlike advice, feedback in its truest sense does not include concrete suggestions or recommendations, rather it is about one’s feeling and reaction to an event.
Performance Management aims at building a high-performance culture in the company.
The Performance objectives are often required to be specific, measurable, achievable, relevant and time-bound, commonly known as SMART.
Through performance management, all employees can track their work progress against the goals defined.
You can follow the below methods to create a constructive performance evaluation process and to communicate with employees.
The following Key Processes are streamlined through Performance Management: