Most companies invest heavily in systems that identify, recognize, reward, and retain their top performers. But they're only as effective as the managers who implement them.
...Employees who gave their managers "best" ratings found the performance management system to be much more effective than did employees who gave their managers "below average" ratings.
- Seventy percent of employees who gave their managers "best" ratings rated their performance management system as "very good."
- In contrast, only 2% of employees who rated their managers as "below average" gave their system a "very good" rating.
...Companies that want to increase organizational and employee performance and productivity should invest in getting the right managers in place and support them in engaging their employees.
Related posts by Deb: