| 1) Goal setting and revising: Since change occurs rapidly in business, it’s imperative that goals are set and revised at least quarterly. Research indicates that the more frequently organizations revise their objectives, the more successful they will be. Make sure all goals cascade downward through the organization. Individual’s objectives should align with the organization’s goals. 2) Managing and coaching: Managing is a command-and-control function, while coaching is a “best performance” function. Managing and coaching involve assigning management responsibilities, developing work plans, providing feedback and, of course, coaching, a hands-on activity that helps employees perform better. 3) Development planning: Create formal career development paths for all employees. For real operational impact, give individual development plans a high profile. 4) Rewarding and recognizing: Make honoring performance a regular, not an annual, event. Rewards can be financial or not,k but they should be motivational. Without proper acknowledgement, top performers will lose motivation, and it’s possible some of them will leave. |
