Strategy – Based Performance Management System
Introduction
The whole concept of Strategy – Based Performance Management System is to align workers’ performance with the long-term strategic objectives of the company. Like a compass, the winning key performance indicators help you determine if you are moving in the right direction.
To ensure long-term flexibility and survival, an organization needs to prepare for the future. The Strategy –based PMS, maps an organization’s strategic objectives into performance metrics.
Overview
In these 5-days course (15 hours), you will learn how to select the winning KPIs, and how to link individual performance with the company strategic objectives, training & development, rewarding and career path.
Learning Objectives
By the end of the course, you will be able to:
- Properly include the exact Key Performance Indicators (KPIs) for each of your subordinates relevant to the organization objectives
- Include behavioral and technical competencies in your subordinates’ appraisal
- Develop strategic objectives, meaningful performance measures and targets
- Help your team successfully build a KPI-based Performance Management system
- Anticipate challenges and prepare solutions for a more effective implementation
- Include your employees in the planning process
- Conduct a constructive appraisal interviews with your subordinates
- Choose the proper performance appraisal tool to be used
- Avoid the common appraisal errors
- Include SMART objectives in your subordinates’ appraisal
Core Contents
- Strategic Planning:
- Strategy definition
- Vision and mission statement
- Organizational values
- Goals
- Competency Models and Matrices:
- Core / Organizational Competencies
- Leadership Competencies
- Technical / Functional Competencies
- Architecture of Performance Management System:
- Overview of the Performance Management System (PMS)
- Goal setting
- Coaching &Support
- Performance Appraisal Tools
- Continuous Improvement
- Rewarding
- Setting Objectives and KPIs:
- Objectives formulation
- SMART objectives decomposed
- KPI selection and documentation
- Leading and lagging KPIs
- The Appraisal Interview:
- Providing constructive feedback
- Individual development plans (IDPs)
- Criticizing techniques
- Do’s and Don’ts
Training Methodology
- There will be input from a highly experienced facilitator together with workshops and case studies to enhance learning. Discussions, case studies and group work will allow you to get fully involved and understand the practical implications of the learning
- This workshop will use a wide range of learning styles, but the principal approach that will be taken is an experiential learning approach.
- There will be an opportunity during this workshop to experiment and try out new skills and understanding, before finally deciding how to apply and integrate the learning into workplace activities.
Who could attend ?
This course is specially designed for top and middle management who need to understand the principles of the KPI-based Performance Management System and how it works in practical terms.
