Why Performance Management is important in a small business?

2

The Crux

Small business

Getting new clients

Managing cash flows

Making employee

count

Maintaining customer

satisfactions

In a large company, there may be buffer resources but that is not an option for smaller companies – in such an operation, managers should look to optimize every asset, including people

Small businesses need to get the most out of their people by motivating and engaging with them

Systematic performance management

Employee morale

Performance management activity

Copyright 2013 | Saigun Technologies Pvt. Ltd.

3

Does initiating a performance management activity mean more overheads?

Automation and more defined measurement metrics can actually drive better business results and small companies cannot afford to ignore any kind of performance enhancement initiatives.

Performance management benefits

Individual goals

Business objectives

Performance management

solution

Copyright 2013 | Saigun Technologies Pvt. Ltd.

4

By setting individual goals, employees can work out how to prioritize work and which jobs require more focus

By indicating how each job is connected to the overall business strategy, employees become more purposeful and are motivated to work harder

Performance management benefits

Provide frequent and constructive feedback

Smaller companies understand how goals need to be achieved and whether an employee needs further coaching or support to achieve their goals

Help employees feel valued and know what is expected

Copyright 2013 | Saigun Technologies Pvt. Ltd.

5

As small businesses typically lack promotion opportunities, offering training can encourage performance levels and overall competency of the entire organization

Thank You

Copyright 2013 | Saigun Technologies Pvt. Ltd.

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