Performance Management in Thailand
Human Resource Departments routinely fret about performance management (this is not only in Thailand!) – how much should we pay Person X?… And how much can we expect in return?… What Compensation & Benefits package will motivate Person X more fully?…
Yet practices that are long outdated mean most HR departments are entirely disconnected from the business drivers of their company – and instead of adapting their performance management systems to the new realities (more anon) – they blindly repeat the mistakes of the past – often facilitated by HR consultancy firms with an expensive and bureaucratic clutter of tools such as competencies and complicated performance management systems.
Put Who before What
Focussing of performance before purpose is a waste of time, as the new study below shows. The formula for success is simple. When it comes to maximising the performance of your employees, companies simply need to do the following:
1. Put Who before What
2. Put Passion and Purpose before Profit
This is not rocket science, and is incredibly simple for forward-looking companies to do by following the approach we detailed here.
If your company struggles to achieve motivation among its workforce consistently, following this approach will not only save you time, it will also boost the performance of your people and contribute to your company’s bottom-line.
Must See – A picture paints a thousand words…
We’re not going to labour the issue, however. Nor are we going to present the reams and reams of research that prove old-style performance management systems are outdated!
Instead, we recommend those who are interested to watch this must-see video that says all that needs to be said – the results of a huge study by the Federal Reserve in the US, colourfully narrated in not one but thousands of pictures…
Time to engage your workforce?
If you would like to find out more about how we can help you engage your workforce in Thailand and Asia, simply email us via the form below >>
Talent Technologies :: Producing Change