When people feel motivated, they perform better. But organizations that focus exclusively on increasing employee engagement are missing a key factor needed to produce outstanding performance. Even the most highly motivated employee will lose faith if they are battling with bureaucracy, use ill-suited systems or deal with conflicting demands. It is imperative that employees have the support and structure necessary to feel empowered, productive – and happy.
Performance management systems are the subject of lively debate, and top priority for smart forward-thinking organizations. Traditional systems reward individual achievement at the expense of collaboration and teamwork. They goal-set and evaluate annually, fixed thinking that is not agile enough for today's mindset. They reward past performance while ignoring the future. And they spend too much time on performance appraisal and not enough time on performance improvement. The evidence is in. Performance management is ripe for a change.
Korn Ferry is going to launch the Remuneration Survey in Moldova and help companies to bench mark compensation and benefit practices in Moldova.