Measuring workforce performance is an important requirement for today’s companies. In most cases, managers sit down and assign employees numerical rankings once a year. This process is time-consuming and demotivating for both managers and employees. Annual appraisals and stacked rankings are becoming obsolete, making way for more powerful methods of real-time performance management.
Workforce management software offers a variety of benefits to organizations that want a more accurate, in-depth assessment of employee performance and skills. This technology makes measuring workforce performance simpler than ever before, giving corporate HR departments and upper-level management the tools they need to make actionable, insightful changes.
Important Questions to Ask When Measuring Workforce Performance
A survey conducted by Gallup revealed that 68 percent of U.S. employees are not engaged in their work. According to related research, disengaged workers can cost companies between $450-$550 billion in lost productivity.
A lack of engagement isn’t worth the risk for your company. Taking steps to adequately measure workforce performance can reveal useful information, enabling you to make necessary strategy adjustments. Not sure where to begin? Start with a few key questions:
- What motivates your employees? Regularly checking in with employees is more effective than a once-a-year meeting. During these meetings, managers have the opportunity to discuss performance with employees in a comfortable, productive, non-threatening way.
- Are employees working toward specific goals? Employees are often driven to achieve goals they’ve set themselves, rather than working toward objectives set for them by their managers.,. Give your employees tools to create agile goals that are aligned to larger company objectives. When employees feel you’re invested in their success, they’re far more likely to put in their best effort.
- Do employees want feedback? Feedback gets a negative reputation, especially in an office environment. But ongoing feedback is crucial in measuring workforce performance. Your workforce can drive their own success, requesting and giving feedback when needed.
HighGround: Your Go-To Solution for Measuring Workforce Performance
Workforce performance can make or break the success of your organization. You need an effective, reliable method for measuring employee performance and engagement. At HighGround, we’re dedicated to helping you do just that. Our HR cloud platform is the only comprehensive solution that gives visibility into every aspect of an engaged and motivated workforce.
When you choose HighGround, you gain the ability to set and define goals, measure employee performance and send feedback to staff at their request.
Learn why engagement and performance must be unified to generate positive business momentum with our employee and performance tipsheet.