Benefits Of Continuous Performance Management

Elate is the leading Strategic Planning software built to help SaaS companies communicate their vision, create alignment, and track performance all in one place.

Paystand logoCivicEagle Logo
Lessonly logoKnotch logo
Bring Clarity to Your Vision
Your strategic plan should create clarity, not confusion. Set a company vision that guides your direction, and easily evaluate, implement, and measure objectives that help you meet your goals.
Learn More
Drive Alignment Across Teams
Create transparency around a strategic plan that evolves with you. Cascade objectives throughout your teams, collaborate across departments and celebrate the wins.
Take Charge of Company Communication
When you’re growing your team, focusing on what matters is key. Set up alerts and notifications that provide visibility into the performance of key company goals, and reminders for team members to update progress.
Learn More
Available Integration logo
Avoid the hassle of manually updating metrics in spreadsheets with all of your favorite tools in one place.

Elate helps us ensure the teams are focused on the most important things that drive our growth and are aligned to our long-term vision without a lot of overhead.

Peter Clare  President of Jobvite

Elate is easy to use and keeps our team aligned.

Jordan Easley  VP Operations + Partnerships, Realync

With Elate, it isn’t just about putting objectives in a tool that isn’t revisited until the end of a quarter. Elate helps bring our strategy to life in a meaningful way that aligns with our long-term vision.

Marcus Hall President | Partner, California Closets

Elate is one of my personal favorites. We use Elate to track KPIs over time in an easy to use dashboard. Elate is incredibly easy to share with stakeholders so everyone on our team knows where we are as a company and where we intend to go. Elate keeps us aligned.

Damola Ogundipe  CEO of Civic Eagle

Benefits of Continuous Performance Management

Are you looking for a way to position your business to be competitive in the modern era? If that is the case, then you need to keep a close eye on something called performance management. Continuous performance management is important because it allows you to stay ahead of your competition. It is not exactly a secret that the modern environment today is more competitive than it has ever been in the past. If you are able to stay ahead of your competition, you will place your business in the best position possible to be successful. That is why you should be using continuous performance management software. By standing on top of your performance management needs, you can take advantage of some of the most important benefits in this industry. What are a few benefits of continuous performance management? What are some of the advantages of performance management? There are several examples to consider.

One of the biggest benefits is that employees will always know where they stand. If you feel like your employees are struggling, one of the reasons why this might be happening is that they do not know exactly what they are supposed to be doing. They may believe they are doing their jobs well. On the other hand, if they are not performing well, you do need to let them know. Was timely and actionable feedback, you can keep your employees on track.

Another major benefit of continuous performance management is that you make sure everyone is looking forward to the future. If you are able to position your company in a position where it can improve its future, you create constant opportunities for development. With continuous performance management, you make sure that everyone is always focused on the same goal.

In addition, if you take advantage of continuous performance management, you can help closed skill gaps. If you believe that there is a gap between your new employees and your current employees, you need to engage in a cycle of continuous performance management. That way, you make sure that your new employees know what they are doing well and what they need to improve. If you provide them with continuous feedback, you encourage them to get better. As they improved, your skill gaps will begin to close. That is incredibly important for the future of your business. For all of these reasons, you should be leveraging continuous performance management to the benefit of your company.

Continuous Performance Management Best Practices

Of course, if you want to take advantage of everything that continuous performance management has to offer, you need to focus on continuous performance management best practices. One of the potential disadvantages of performance management is that you are pulling employees away from their duties to manage their performance. You could also be seen as a micromanager. Therefore, you need to make sure that you are spending everyone's time wisely if you engage in continuous performance management. That means taking a look at a few performance management trends 2020. What are some of the biggest trends and best practices to keep in mind when it comes to continuous performance management?

First, when you are providing feedback to your employees, you always need to make sure that you are linking that feedback to clear, specific, measurable goals. One of the biggest issues that employees have is that they do not exactly understand how their performance is being measured. If they do not understand how their success is being quantified, they are going to have a hard time reaching those goals. When you decide to provide feedback to your employees, make sure there is a goal in mind that can be measured objectively. That Way, employees know how they are performing.

Next, you also need to remember that this is a two-way street. You need to ask the right questions during the feedback session. Particularly if you are delegating feedback duties to your managers, you need to make sure that your managers ask the right questions. You may want to give questions to your managers ahead of time. Or, you may want to get input from your managers regarding how feedback sessions should be conducted. Make sure you give the employees a chance to ask questions as well. That way, you know their opinion is being valued.

On that note, make sure that you listen to what your employees are saying. Make sure that they understand their opinion is important to you. If you find that there is a common theme among your employees, you need to figure out why that is the case. Sometimes, this may be a positive theme on which you can build. In other cases, this may be a negative thing that you need to address. Regardless, listen to what your employees have to say. They are on the front lines. They have a different view than you.

Finally, always make sure that you balance praise and criticism. You may think that if nothing is going wrong, you do not need to mention it. On the other hand, if all you do is mention criticisms, your employees are going to think they are doing a poor job. Make sure you let them know when they are doing something well. That way, they will keep doing that specific thing in the future.

Continuous Feedback Performance Management

When you are conducting effective performance management, you want this to be a cycle of continuous feedback. The continuous performance management process should be a cycle of regular feedback. Your employees should get used to receiving feedback regularly. That way, they understand exactly what they should be doing when it comes to continuous feedback performance management.

Of course, you and your employees have a lot to do during the course of the day. You may not know exactly how to implement continuous performance management. The first step is to make sure that everyone gets on a schedule. For example, you may want to post the schedule somewhere, letting people know when the next feedback session is going to take place. You might also want to provide a standardized form so that employees know exactly how the meeting is going to proceed. In some situations, you may want to distribute these forms ahead of time. That way, employees can write down any questions or concerns they have before the meeting.

As part of the continuous feedback process, you also want to collect feedback from your employees regularly. In some cases coming you may want to ask them for their feedback during the continuous performance management session. On the other hand, some employees may be more comfortable if you ask them to provide feedback anonymously. Therefore, do not hesitate to put a box somewhere where people can deposit feedback without attachment name to it. That might also be more helpful if you are trying to solicit the honest opinions of your employees. Make sure that you focus on continuous feedback as part of your performance management tactics.

Benefits Of Performance Management

If you decide to implement performance management, there are numerous benefits that you will enjoy. The importance of strategic performance management system cannot be overstated. It is critical for you to implement performance management appropriately so that you can get the most out of your employees and managers.

One of the first benefits is that you will enjoy a clarified picture of your employees and managers. By engaging in a continuous performance management process, you will get an inside look at how your company runs on a daily basis.

Second, you will also make sure that your employees feel valued. You want to make sure that your employees allow their voices to be heard. Sometimes, they are so focused on their day-to-day operations that they do not get a chance to speak out. By setting aside a scheduled session, employees will feel more comfortable providing input regarding their own working environment.

Finally, it is also easier for you to keep your company streamlined and pointed in the same direction. You want to make sure that all of your managers and employees are on the same page. By engaging in continuous performance management, you make sure they are working toward one, common goal.

If you really want to enjoy all of these benefits of performance management, you need to focus on the importance of performance management planning. Make sure that you understand exactly what your goals are as this process unfolds. That way, you can place your business in the best position possible to be successful moving forward.

Why Is Performance Management a Continuous Process?

Clearly, there is a lot involved when it comes to continuous performance management. You might still be wondering why continuous performance management is important. There are several reasons why this process is important. First, it is important because you get your employees on a regular schedule. Your employees should expect to receive feedback on a regular basis. If you focus on continuous performance management, they will become more comfortable with the process. That way, they will not only receive criticism well, but they will also feel comfortable speaking up.

Another reason why continuous performance management is important is that it allows your company the ability to respond quickly to changing environmental conditions. The marketplace is changing quickly. When you engage in continuous performance management, you set up natural benchmarks along the way. That way, your company can change during these feedback sessions, if it has to. It is critical for your company to be flexible in the modern environment. When you focus on continuous performance management, you make sure that happens.

Why Is Performance Management Important?

In addition, and there are lots of people who are still asking, “why is performance management important?” First, performance management is a continuous process of identifying strengths and weaknesses throughout the company. For example, continuous performance management can help you identify the individual strengths and weaknesses of your employees. You can see what your individual employees are doing well and what they need to improve. Then, you can position yourself and your company to help employees improve their weaknesses while capitalizing on their strengths.

In addition, continuous performance management is important because it allows you to identify themes throughout your company. You can learn not only about your managers and employees but also about broad generalizations that could be taking place throughout your business. If you notice that a lot of employees are saying the same thing, this is something that you should pay attention to. In some situations, this may be a good thing. In other situations, this could be something that you need to address. Unless you engage in continuous performance management, you may not spot these issues.

Why Is Continuous Feedback Important?

Continuous feedback is one of the most important parts of running a business. You want to make sure that your employees are comfortable providing you and your managers with feedback. After all, that is the only way that you are going to get better. Furthermore, this process is also important because you want your employees to get used to receiving praise and criticism. That way, they understand that you are not criticizing them personally. You are simply offering them suggestions regarding how they can improve their skills and provide for the company.

That is why you need to think about your continuous feedback questions closely. Make sure that you are always focused on the behavior, action, or routine of the employee. You do not want to focus on personal attacks. If your employees understand that you are only trying to find ways to help them do better, they are going to be more receptive to that feedback. The most important part of setting that time of mind is to generate continuous feedback questions appropriately. Make sure that you think about how you are phrasing feedback. That is an important part of creating a successful cycle of continuous performance management.

Start Driving Alignment Today
Request a Demo