if you werw CEO what should you do to ensure that your employees are paid for their performance
From Egypt, Cairo
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From Egypt, Cairo
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Dear Marwa1986,
To ensure that employees are paid for their performance, the CEO should establish a comprehensive Performance Management System (PMS).
The first step of PMS is that the CEO should set their performance targets, and their remuneration should be linked to their performance. The yardstick of performance-linked pay cannot only be applied to employees but to employers as well.
Whether employer or employee, the designed system should be robust enough to create a performance meter for each employee. This is much easier said than done. To achieve this, costs and ratios associated with each department need to be identified and assigned to each Head of Department (HOD).
Lastly, the CEO should determine whether they are rewarding people at the expense of the organization. Many times, CEOs fail in this aspect.
I previously provided a comprehensive response on PMS. Please refer to the following link: https://www.citehr.com/577456-formul...ml#post2228293
Within the above link, you will find several other links. Please go through all the links patiently to enhance your understanding of the subject.
Sample KPI and KRA Manual: If you are interested in understanding the structure and format of the KPI and KRA Manual, you can access it through the following link. The Excel Workbook comprises multiple sheets, each containing KRAs for various functions. Although these may not be directly related to your industry, they will provide you with an idea of the format, structure, and design of the manual. https://www.citehr.com/520630-samle-kpi-kra-manual.html
You can also watch my videos on YouTube:
1. https://www.youtube.com/watch?v=NMEjMQzYVSs
2. https://www.youtube.com/watch?v=fTe8Pu6yioo
For any further doubts, feel free to contact me on my mobile number. [Phone Number Removed For Privacy-Reasons]
Thanks,
Dinesh Divekar
From India, Bangalore
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8072To ensure that employees are paid for their performance, the CEO should establish a comprehensive Performance Management System (PMS).
The first step of PMS is that the CEO should set their performance targets, and their remuneration should be linked to their performance. The yardstick of performance-linked pay cannot only be applied to employees but to employers as well.
Whether employer or employee, the designed system should be robust enough to create a performance meter for each employee. This is much easier said than done. To achieve this, costs and ratios associated with each department need to be identified and assigned to each Head of Department (HOD).
Lastly, the CEO should determine whether they are rewarding people at the expense of the organization. Many times, CEOs fail in this aspect.
I previously provided a comprehensive response on PMS. Please refer to the following link: https://www.citehr.com/577456-formul...ml#post2228293
Within the above link, you will find several other links. Please go through all the links patiently to enhance your understanding of the subject.
Sample KPI and KRA Manual: If you are interested in understanding the structure and format of the KPI and KRA Manual, you can access it through the following link. The Excel Workbook comprises multiple sheets, each containing KRAs for various functions. Although these may not be directly related to your industry, they will provide you with an idea of the format, structure, and design of the manual. https://www.citehr.com/520630-samle-kpi-kra-manual.html
You can also watch my videos on YouTube:
1. https://www.youtube.com/watch?v=NMEjMQzYVSs
2. https://www.youtube.com/watch?v=fTe8Pu6yioo
For any further doubts, feel free to contact me on my mobile number. [Phone Number Removed For Privacy-Reasons]
Thanks,
Dinesh Divekar
From India, Bangalore
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Performance Management System.doc