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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.
www.empxtrack.com

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Performance Management System Small Business

  • 1. Why Performance Management is important in a small business?
  • 2. 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
  • 3. 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.
  • 4. 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
  • 5. 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
  • 6. Thank You Copyright 2013 | Saigun Technologies Pvt. Ltd. www.empxtrack.com