inNOVAte Consulting Presentation 2016

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Transcript of inNOVAte Consulting Presentation 2016

  • consulting

    KATIE REYNOLDSON, ALYSSA GRADUS,

    VERONICA PASSARELLI, TIM BURGOYNE, ELENA AUER

  • Agenda Purpose: to develop a Performance Management system that Promotes growth and development

    Links to merit based compensation

    Incorporates continuous performance evaluation, and

    Promotes the overall success of Workify

    2

  • Failure of Traditional PM SystemsFormal Annual Review Managers rate employee performance

    Criticized for providing inaccurate performance ratings

    Focus on ratings, rather than development

    Unsuccessful in predicting performance

    3

  • Goal Setting and FeedbackChallenging, specific, and meaningful goals Organizational

    Individual

    Leadership Feedback

    Integrate with Workify HR systems

    4

  • The systemDashboard Team member Manager

    Meetings Weekly Quarterly Annually

    Developing Goals Performance goals Core value goals

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  • Weekly Developmental Meetings

    Informal conversations between managers and team members to: Assess progress of current goals

    Develop new performance and core value goals

    Provide feedback on current performance

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  • Quarterly ReportPerformance considerations: Progress made on performance-based goals throughout quarter

    Difficulty of performance-based goals

    Progress on performance-based goals compared to other employees

    Difficulty of performance-based goals compared to other employees

    Core values: The extent to which they embodied core values this quarter

    Qualitative Review

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  • Annual ReportComplete final quarterly report

    Aggregation of four quarterly reports manager ratings percentage and number of

    completed goals average time frame for goal

    completion qualitative review

    Brief qualitative summary of team member performance over the year

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  • Implementation/Change Management

    Resistance Buy In

    Communication

    13

  • Implementation/Change ManagementCommunication Strategies to obtain Buy in

    Obtain buy-in to new PM starting with senior management Meet with department head

    Provide rational for new PM system

    Meeting with Managers where Department Head is present

    14

  • Implementation/Change ManagementTraining Managers Transformational leadership

    LMX

    Goal Setting

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  • Cross-Cultural ConsiderationsCross-cultural analysis -findings: Intrinsic motivation is cross-culturally valid Need for competence Need for relatedness Need for autonomy

    Transformational Leadership Characteristics (e.g., visionary, courageous) Attributes (e.g., participative, team builder) strongly endorsed universally across 62 countries

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  • In Conclusion

    informal(weekly) Quarterly Formal(annual)

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  • Questions?

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