Webinar Recap: Building an Effective Performance Management Action Plan

Did you know the average cost to replace an employee is about 50% of that employee’s annual salary?    

In today's competitive market, employers with a performance management action plan in place have the framework and tools necessary to improve employee retention, identify and nurture high-performing individuals, and engage and develop employees who may need more guidance. In our webinar, “Building an Effective Performance Management Action Plan,” G&A HR Advisor Marge Konvicka shares strategies for a framework that will help create an environment where employees feel valued, motivated, and invested in your company's success.   

In the webinar, Konvicka, who has over a decade of experience in employee relations, compliance, and corporate training, breaks down the components of an effective performance management action plan, including:  

• A step-by-step development process 
• Proven best practices for implementation 
• A comprehensive Performance Management Action Plan Toolkit 

Many employers address performance issues only when they arise, rather than actively monitoring and guiding employee performance on an ongoing basis. This reactive approach may stem from unclear performance expectations, inadequate communication channels, or insufficient resources dedicated to proactive performance management practices.    

Konvicka emphasizes the importance for businesses to consistently engage employees using simple yet effective performance practices.   

“When planning and goal setting, it is important to ensure individual goals align with the company’s strategic objectives, promoting a shared vision and direction within the team and organization,” says Konvicka. “Using the SMART criteria—Specific, Measurable, Achievable, Relevant, and Time-bound—can help achieve this outcome.”   

You can access the full webinar recording below and download the presentation here. 

If you have additional questions after viewing the presentation or need help tackling your HR needs, reach out to one of our knowledgeable business advisors. For more resources, visit G&A Partners' resource library. Have a question? Submit it via info@gnapartners.com.

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