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Benefits of Performance Management

Employee Performance Management: What is It & What Are Its Benefits?

By HR Software, Motivation, Performance Management

Last updated 06/11/21 A performance management strategy can ensure your employees’ activities and output are in line with your wider business’ objectives and can be critical to business success and employee productivity. The benefits of an effective performance management strategy include: Highlighting training gaps and where further training is needed. Boosting employee morale and in turn, productivity and performance. Helps identify the right employees for promotion. Improves workforce planning, including managing workloads and delegation. Boost employee retention/reduces employee turnover. Gives employees more autonomy to manage their responsibilities. What is performance management? Defined by the CIPD as “the activities and processes…

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toxic work culture

Do you have a toxic work culture?

By Employee Wellbeing, Motivation

No organisation ever sets out to have a toxic work culture but every company has the potential to have one. According to a study by Inc, 11.3% of companies reported having a toxic culture. A toxic company culture is the single greatest issue that can paralyse a workforce. It may be a slow process for it to rear its ugly head but nevertheless it will erode creativity and stifle innovation. In a world where employees have more choice from organisations fighting to attract the top talent and locations becoming more obsolete due to working from home policies and improved technology;…

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Why your business should change incentives and how to do it

By Business, Employee Engagement, Motivation

Bonuses have long been a business tradition. And, to a degree, they work. You work harder, the business makes more money and, in return, you end up with a fatter payslip – simple and satisfying, no? Not always. As we’re often reminded, there are two certainties in life: death and taxes. The latter will always dampen the bonus party spirit, because one look at your shiny, sizeable payslip will reveal that much of what you’ve earned in addition to your base salary has been gobbled up by the tax man, leaving a somewhat menial take-home fee for all the blood,…

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The complete guide to working from home and avoiding distractions

By Motivation

In 2016, a study revealed that 1.5 million people had swapped the traditional working environment for that of their own home office. That colossal figure has contributed to an increase of nearly a quarter of a million home workers in the last decade. The benefits of working from home are compelling to even the staunchest supporters of regular 9 to 5, office-based working practises. You get to set your own hours, avoid the need to waste time each day commuting and find yourself surrounded by homely comforts. Technology has played a huge part in the rise of the home worker, too,…

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Inexpensive rewards to motivate your staff

By Motivation

Bonuses are not the only way to motivate your staff, though the extra money is nice, it is quickly taken up by the tax man, spent and then forgotten. In addition to this, bonuses can easily mount up costing the company a lot of money, for this reason there are plenty of small to medium businesses who simply cannot afford to give their workers a bonus. Fortunately, there are plenty of other ways to motivate and encourage your staff, which do not have to cost much but make a much more lasting impression. Why should you motivate your staff? Ensuring…

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