Managing for high performance

Rajesh Dhawan
Rajesh DhawanVice President at Fintech Digitization à Fintech Digitization
1
“A group of people who share a
common vision, goals, metrics and
who collaborate, challenge and
hold each other accountable to
achieve outstanding results. One
can recognise a high performing
team when the members have a
clear and shared vision of where
they are headed and what they
have to accomplish.”
2
 Individuals and teams take
responsibility for the continuous
improvement of the customer
experience and the business results.
 A high performance culture is
sustained by highly skilled and
motivated employees.
 A precondition to High Performance
is that Performance Management is
seen not as an isolated.
3
 Products becoming quickly
obsolete, organisations need
‘knowledge worker’(i.e.
employees) who are able to
improvise, along with learn
continuously rather than simply
follow established routines. This
defines the ‘knowledge worker’.
 The ‘knowledge worker’ has a
strong sense of their own worth.
Hierarchy don’t impress them
easily.
 To encourage the knowledge
worker, managers must build
relationships based on trust.
4
 The emphasis of Performance Management
must be on planning, learning and
motivating.
 Performance Management must goes far
beyond performance reviews.
 Performance Management is what
managers are expected to do in an
environment of content and agreement,
and as part of their core responsibilities.
 Performance Management involves
providing feedback, conducting informal
progress reviews, updating objectives and
work plans, dealing with performance
problems, giving feedback, recognizing and
developing.
5
 Face to face meeting along with the
teams.
 If meeting face-to-face is not possible, in
that case create a file or an intranet pages
with a photo and a briefing paragraph
about each team member..
 Make visible the work each team member
is doing.
 Provide regular feedback.
 Promote awareness of cultural variations,.
 Slow down in meeting if there are non-
native speakers of English.
6
 Motivation is not synonymous
with performance.
 Motivation does not completely
account for job performance.
7
8
 Feedback is the most important
driver of performance.
 Raised questions drive performance
improvement and also give
significance to employee’s efforts.
 Irregularity in Performance
feedback.
9
 Control the Total Situations.
 Build support for their goals.
 Develop more productive employee.
 Inspire employee to go ‘the extra
mile’.
 Enhance Communication.
 Observations- things that
you can see.
 Facts- things you know based
on data.
 Inferences- conclusions,
usually about someone’s
personality, intent etc.
10
11
 Constantly & automatically integrating
and interpreting the information.
 Two Primary Biases:
 Other’s Actions.
 Fit others into specific categories.
 Guidelines to Avoid Perceptual Bias
12
 Communicating negative feedback is
inevitable.
 Applying basic rules of feedback.
 Managers and employees need to
understand that feelings and
emotions.
13
 Stage 1- Shock, Numbness and Denial
 Stage 2- Fear, Anger and Guilt
 Stage 3- Understanding, Acceptance
and Moving On
14
 Improve individual and
ultimately organisational
performance.
 Managers and employees can
discuss the learning
requirement.
 Documenting the development
areas.
 Development planning sets out
15
 What knowledge/skills are required
to accomplish current objectives?
 What are the most relevant gaps?
 What are the employee’s career
aspirations?
 What knowledge/skills does the
employee need to pursue his/her
career interests?
16
 Feedback is usually a brief
interaction with the employee.
 Coaching is a more formal
interaction.
17
 Underperformance is performance that
falls below the standards.
 Company rating scale definitions help us
understand what underperformance is.
18
 PIP is an action plan aimed at
raising performance to an
acceptable level.
 PIP also includes an action plan
19
 Good performers are a broad group that
goes from truly Strong to Exceptional
performers.
 Managers often concentrate their time on
underperformers.
 To retain good performers is
commercially wise.
 There are four main strategies to motivate
and retain good performers: (a) reward
accordingly; (b) recognise; and (c)
develop and (d) provide growth
opportunities.
20
 Spend quality time with good
performers.
 Offer continual recognition, praise
and feedback
 Provide coaching.
 Work with the employees to
‘enrich’ their jobs
21
 Skill variety, task identity, task
significance and autonomy are critical
job dimensions.
 Skill variety, task identity and task
significance contribute to a task’s
experienced meaningfulness.
 More autonomy can make the
employee feel personally accountable
for their work.
 Touching any elements can have an
impact on motivation and on
performance.
22
 High performance can be defined
by the alignment of Strategy,
Structure and Culture.
 When elements work together they
generate higher performance
23
Culture:
 A Performance Management known
as one of the highest correlations to
engagement.
 Performance management based on
“Contract and Agreement” drives
accountability.
 The regular provision of feedback
focus on learning helps build the
capabilities.
 Relative assessment and clear
benchmarks drive differentiation.
24
Strategy:
 An effective objective setting
process is integrated with business
planning.
 The integration of performance
management with business
planning is key to executing the
strategy.
25
Structure:
 The decisions on structure derive
mainly from understanding of market
conditions & trends.
 Operational excellence- represented by
productivity, quality and innovation
does not result solely from the right
structure.
 Accounting, engagement, key
capabilities and competitive mindset
characterize employees who are more
productive.
26
Purpose of Performance Review-
 Formalise and document an
analysis
 New Commercial Decisions
Mid Year Review-
 Provide formal feedback .
 Review Objectives.
 Ensure employee have the
direction
 Reinforce
Year End Review-
 Provide formal assessment .
 Provide the overall outcome.
 Informs about reward, promotions
and talent identification
Supplementary Review
27
1 sur 27

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Managing for high performance

  • 1. 1
  • 2. “A group of people who share a common vision, goals, metrics and who collaborate, challenge and hold each other accountable to achieve outstanding results. One can recognise a high performing team when the members have a clear and shared vision of where they are headed and what they have to accomplish.” 2
  • 3.  Individuals and teams take responsibility for the continuous improvement of the customer experience and the business results.  A high performance culture is sustained by highly skilled and motivated employees.  A precondition to High Performance is that Performance Management is seen not as an isolated. 3
  • 4.  Products becoming quickly obsolete, organisations need ‘knowledge worker’(i.e. employees) who are able to improvise, along with learn continuously rather than simply follow established routines. This defines the ‘knowledge worker’.  The ‘knowledge worker’ has a strong sense of their own worth. Hierarchy don’t impress them easily.  To encourage the knowledge worker, managers must build relationships based on trust. 4
  • 5.  The emphasis of Performance Management must be on planning, learning and motivating.  Performance Management must goes far beyond performance reviews.  Performance Management is what managers are expected to do in an environment of content and agreement, and as part of their core responsibilities.  Performance Management involves providing feedback, conducting informal progress reviews, updating objectives and work plans, dealing with performance problems, giving feedback, recognizing and developing. 5
  • 6.  Face to face meeting along with the teams.  If meeting face-to-face is not possible, in that case create a file or an intranet pages with a photo and a briefing paragraph about each team member..  Make visible the work each team member is doing.  Provide regular feedback.  Promote awareness of cultural variations,.  Slow down in meeting if there are non- native speakers of English. 6
  • 7.  Motivation is not synonymous with performance.  Motivation does not completely account for job performance. 7
  • 8. 8  Feedback is the most important driver of performance.  Raised questions drive performance improvement and also give significance to employee’s efforts.  Irregularity in Performance feedback.
  • 9. 9  Control the Total Situations.  Build support for their goals.  Develop more productive employee.  Inspire employee to go ‘the extra mile’.  Enhance Communication.
  • 10.  Observations- things that you can see.  Facts- things you know based on data.  Inferences- conclusions, usually about someone’s personality, intent etc. 10
  • 11. 11  Constantly & automatically integrating and interpreting the information.  Two Primary Biases:  Other’s Actions.  Fit others into specific categories.  Guidelines to Avoid Perceptual Bias
  • 12. 12  Communicating negative feedback is inevitable.  Applying basic rules of feedback.  Managers and employees need to understand that feelings and emotions.
  • 13. 13  Stage 1- Shock, Numbness and Denial  Stage 2- Fear, Anger and Guilt  Stage 3- Understanding, Acceptance and Moving On
  • 14. 14  Improve individual and ultimately organisational performance.  Managers and employees can discuss the learning requirement.  Documenting the development areas.  Development planning sets out
  • 15. 15  What knowledge/skills are required to accomplish current objectives?  What are the most relevant gaps?  What are the employee’s career aspirations?  What knowledge/skills does the employee need to pursue his/her career interests?
  • 16. 16  Feedback is usually a brief interaction with the employee.  Coaching is a more formal interaction.
  • 17. 17  Underperformance is performance that falls below the standards.  Company rating scale definitions help us understand what underperformance is.
  • 18. 18  PIP is an action plan aimed at raising performance to an acceptable level.  PIP also includes an action plan
  • 19. 19  Good performers are a broad group that goes from truly Strong to Exceptional performers.  Managers often concentrate their time on underperformers.  To retain good performers is commercially wise.  There are four main strategies to motivate and retain good performers: (a) reward accordingly; (b) recognise; and (c) develop and (d) provide growth opportunities.
  • 20. 20  Spend quality time with good performers.  Offer continual recognition, praise and feedback  Provide coaching.  Work with the employees to ‘enrich’ their jobs
  • 21. 21  Skill variety, task identity, task significance and autonomy are critical job dimensions.  Skill variety, task identity and task significance contribute to a task’s experienced meaningfulness.  More autonomy can make the employee feel personally accountable for their work.  Touching any elements can have an impact on motivation and on performance.
  • 22. 22  High performance can be defined by the alignment of Strategy, Structure and Culture.  When elements work together they generate higher performance
  • 23. 23 Culture:  A Performance Management known as one of the highest correlations to engagement.  Performance management based on “Contract and Agreement” drives accountability.  The regular provision of feedback focus on learning helps build the capabilities.  Relative assessment and clear benchmarks drive differentiation.
  • 24. 24 Strategy:  An effective objective setting process is integrated with business planning.  The integration of performance management with business planning is key to executing the strategy.
  • 25. 25 Structure:  The decisions on structure derive mainly from understanding of market conditions & trends.  Operational excellence- represented by productivity, quality and innovation does not result solely from the right structure.  Accounting, engagement, key capabilities and competitive mindset characterize employees who are more productive.
  • 26. 26 Purpose of Performance Review-  Formalise and document an analysis  New Commercial Decisions Mid Year Review-  Provide formal feedback .  Review Objectives.  Ensure employee have the direction  Reinforce Year End Review-  Provide formal assessment .  Provide the overall outcome.  Informs about reward, promotions and talent identification Supplementary Review
  • 27. 27