Louis CarterFounder and Chief Executive Officer, Best Practice Institute · Founder and CEO, Best Practice Institute - Most Loved Workplace® | Organizational Psychologist | Creator of AI Workplace Intelligence and Employer Branding Platform

The Benefits Of Shifting Companies To Performance Management (Part 4 of 7)

24 Nov 2017 · 1 min

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In this segment, the speaker addresses the challenge of companies becoming entrenched in their existing performance management processes. He advocates for taking a step back to foster co‑creation across the organization, using organization‑development and transformation methodologies. The approach involves reviewing what has worked well in performance management, deciding what should be retained, and identifying areas for improvement. These improvement opportunities are then re‑examined with the executive team to innovate new practices that align tightly with the company’s core purpose and business objectives.

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When companies are stuck in their way during their performance management process. Whenever you're stuck in your way on anything, what's important is to take a step back. When you take a step back, you begin to co-create with others in your organization, and the best way to co-create is is through methodologies around organization development and transformation. This is largely around looking at what we have done well and what can we do better, which is the very essence of great performance management in and of itself. So let's look at the things that worked in performance management, the things that we know should stay, and then the things that we know we could do better with. And the things we could do better with are the things that we begin to reassess and reevaluate with our executive team, and we innovate new and important types of ways that will connect to what the core of our business and purpose really is.