6 keys to performance management
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The webinar on performance management highlights the need for effective practices that focus on setting clear expectations, defining objectives, and fostering accountability. It argues that traditional performance management practices create unnecessary organizational clutter and advocates for continuous review and optimization to enhance team performance. Key speakers include Miranda Nicolson and Drew Fortin from The Predictive Index, who emphasize the importance of timely and specific feedback in the management process.
6 keys to performance management
- 1. WEBINAR 6 keys to effective performance management
- 2. THE PREDICTIVE INDEX Housekeeping • 45 min presentation | 15 min live Q&A • Submit questions in the Q&A box at the bottom.
- 3. THE PREDICTIVE INDEX Speakers Miranda Nicolson VP of Human Resources Formstack Drew Fortin SVP of Sales & Marketing The Predictive Index
- 4. THE PREDICTIVE INDEX Average Performance Great Performance Poor Performance PROMOTESHAPE UP PIP OUT Your average increases over time. Performance Management is broken.
- 6. THE PREDICTIVE INDEX Average Performance Great Performance Poor Performance PROMOTESHAPE UP PIP OUT Your average increases over time. Dirty money. 💰💰💰💰💰💰Job? ✅
- 7. An annual ritual excuse for... ...bad management ...misaligned incentives ...cowardess ...lack of accountability
- 8. THE PREDICTIVE INDEX We do not need more and different ‘engagement’ and ‘empowerment’ programmes to mitigate the unintended consequences of performance management, but instead we need to remove the tortuous organizational clutter that has built up from the belief in the value of performance management practices, and let people work together without this unhelpful and damaging process. - Joanna Wilde, author of The Social Psychology of Organizations
- 9. THE PREDICTIVE INDEX Performance Management Leadership
- 10. THE PREDICTIVE INDEX Vestibulum congue Set Clear EXPECTATIONS How to lead through performance management.
- 11. THE PREDICTIVE INDEX Vestibulum congue Set Clear EXPECTATIONS Leading through performance management.
- 12. THE PREDICTIVE INDEX Clearly define objectives & key results (OKRs) Poorly-defined objective: Reaching $50M in 2019. Well-defined objective: Increase revenue by >30% YoY to hit $50M in 2019. Poorly-defined key result: All account executives meet quota Well-defined key result: All account executives meet ≥ $80K/month quota
- 13. THE PREDICTIVE INDEX Set accountability up front.
- 14. THE PREDICTIVE INDEX Vestibulum congue Set Clear EXPECTATIONS Leading through performance management.
- 16. THE PREDICTIVE INDEX 1:1 vs. personal development 1:1s are for work Make personal development stand out
- 17. THE PREDICTIVE INDEX Vestibulum congue Set Clear EXPECTATIONS Leading through performance management.
- 18. THE PREDICTIVE INDEX The best feedback is... ❏ Timely ❏ Truthful ❏ Specific ❏ Unassuming ❏ Unrushed ❏ Positive
- 19. THE PREDICTIVE INDEX Vestibulum congue Set Clear EXPECTATIONS Leading through performance management.
- 20. THE PREDICTIVE INDEX Why accountability is so hard. ACCOUNTABILITY You need this. Before you can get that. From Patrick Lencioni’s 5 Dysfunctions of a Team
- 21. THE PREDICTIVE INDEX Vestibulum congue Set Clear EXPECTATIONS Leading through performance management.
- 23. THE PREDICTIVE INDEX Vestibulum congue Set Clear EXPECTATIONS Leading through performance management. Continuous review and optimization.
- 24. THE PREDICTIVE INDEX Ask your team... • What’s gone well • What could be improved? • How are the tools you’re using working? • How long does the process take from start to finish? • What does the monetary investment look like? • What manual tasks could be automated? • How is data shared and stored? • Has employee performance increased as a result of your new processes?
- 25. THE PREDICTIVE INDEX Good management is what your people do when you’re not there.
- 26. THE PREDICTIVE INDEX Q&A Submit your questions in the Q&A box at the bottom of the screen.
- 27. THE PREDICTIVE INDEX Thank you for joining us! Learn how The Predictive Index helps managers: predictiveindex.com Want to learn more about Formstack? formstack.com
Editor's Notes
- #16: Link to 360 Review form: https://formstackhq.formstack.com/workflows/360_performance_snapshot_v_2_0