Having poor PM processes is the key reason for companies being saddled with only lower performers who never leave the company because “internally” there are not the processes that expose their poor performance, and “externally” no other company would accept to hire them. Therefore, Human Capital becomes unduly expensive because current personnel produces very sub-par results while motivation and “Can Do” spirit is very low leading in fact to wide spread cynicism and even sabotage of the company assets and relations with its valued customers.
The Company will posses a very strong People/Performance Management processes allowing to:
All this will maximize Performance, Motivation, Cost Efficiencies and the company will become a magnet for top talent due to the virtuous circle created.
It is HR’s responsibility to roll the process down to all employees and be the guardian of it’s implementation.