With today's fierce competition in this sluggish economy, employers are looking for more effective ways to promote organizational goals to increase their chances of success, and a large part of that strategy comes down to performance management.
In the past, many employers focused on creating individual employee goals, but by aligning company goals with performance management, employee goals are better defined, and the work force is more engaged, says Elise Freedman, senior consultant for Towers Watson
"Companies that are better linking their employees to the business strategy are seeing results like increased revenue, increased customer satisfaction, increased quality and a higher shareholder return," Freedman says. "When the employees understand the company's focus and what they can do to make a difference in that area, problems start becoming resolved."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
