Our Approach
Our approach delivers the following elements of performance management:
An annual company scorecard setting out:
- Key Result Areas (KRAs)
- Key Performance Indicators (KPIs)
- Objectives
- Targets
- Measures
- Allocation of responsibility
- Actions
A typical approach takes three weeks in a business including meetings with senior management.
Week One Actions:
- Reviewing and auditing of the current performance management system.
- Agreement with senior management on the key strategic areas for year
- Drafting of the performance scorecard for the business
- Setting up of the annual targets for the business.
Week Two Actions:
- Completing of the company performance scorecard.
- Allocating objectives and targets to each of the Directors.
- Round table agreement on how the team will track and measure results including a performance reporting system.
Week Three Actions (taking place one month on from the set-up):
- Review of the first monthly performance report.
- Delivery of the first performance management meeting.
- Management of one to one reviews with each of the senior management.
- Ensuring that the monthly monitoring process is up and running and delivering actions.