Competency-based performance management is something any manager wants to do well. However, for many businesses, this is not an easy task.
Performance management is an essential part of overall management for every business. With good performance management, businesses can achieve their set goals as well as build the right development direction. However, there are a few factors that directly affect these activities that businesses need to know. Join Acabiz to learn about performance management factors based on competency through the article below.
Define specific goals
The first thing you need to do is to define the most specific management goals. That is not only the goal of the business but also the goal of each employee in the company. Individuals need to work to achieve their goals. From there, the new business can achieve the goal of the whole enterprise.
Specific goals in performance management
Plus, whether you are setting individual or team goals, make sure that the goal is to develop core competencies and assist in achieving the goals of the entire business.
One of the key elements in a competency-based performance management plan is communication activities.
First of all, make sure that all of your employees have a clear understanding of what the plan, what the goals are, and the work it takes to accomplish that goal. Regularly remind employees of a goal and keep track of progress in achieving goals is essential that managers need to pay attention. Personal and group goals also need to be closely monitored. In addition, disclosing the progress of completing the goals of different groups in each stage is also a way to motivate more effort between teams.
On the other hand, in announcements, recruitment information or internally circulated publications, managers should always be reminded of the set goals. Managers can also incorporate information about goals into important jobs.
Pay more attention to vacancies
To manage performance effectively, your business needs to manage it closely from recruitment. For vacancies, it is necessary to define in advance for them the path of advancement, to orient the necessary skills, which need to be supplemented so that they can quickly keep up with the working environment and general orientation of the business.
Competency-based performance management factors
The HR department should stick to the competency framework, especially the group of core competencies to get suitable vacancies, as well as develop the most perfect HR development plan for the business.
Identify missing skills
Each position in the business will require a corresponding skill set. HR also needs to build the required skill set for each employee based on the business characteristics of the business.
In addition, the accurate assessment of employees’ competencies will help businesses have a better view of the gaps in the business. From there, come up with plans to build a perfect team of employees for the business.
Training & development
Training & development is one of the key activities in performance management based on the competence of employees in the business. After correctly assessing employee competencies, your business needs to develop a quality HR training plan and program. Make sure that the training improves the performance of each individual and team.
With a specific development and coaching plan, your organization can achieve a variety of purposes: narrow skills gaps, scrutinize future job positions and move them. in the right direction on the career roadmap.
Performance management methods in businesses
Adjust if necessary
During the implementation process, based on the feedback of individuals, the business can adjust to suit the business. Make sure all activities are directed towards the goals and core competencies of the business. You can also feel a noticeable improvement in your own business.
To be able to effectively manage competency-based performance, your business needs to ensure many factors, most importantly the competence of its staff. Therefore, building a team of high quality personnel through internal training programs is essential for businesses.