Sometimes, companies overlook the human resources function in their attempt to become market leaders. This is a crucial mistake, as long time performance and brand recognition are built with loyal, hardworking and motivated employees. Understanding that employees are the most valuable asset of a company is only part of the solution. In order to ensure growth and stability, companies need to actively implement Performance Management Systems that emphasize Individual Performance, Talent Management and Succession Management.
Superior leadership, access to great talent, and unusual talent management approaches. This is the key to success. In august 2011, Apple became the most valuable company in the world, it has surpassed every other company in the technology industry and every other industry.
How employees perform their activities and how the results appear highly depends on the recognition they get for it. Employee compensation is greatly regarded by managers and employees alike, as it increases the motivation force among the company members, thus leading the company towards great achievements. The recognition employees get for their work should match the contribution and result of each and every one.
Typically, having employees’ productivity assessed against agreed benchmarks enhances managers monitor if the personnel is meeting the expectations set. As a consequence, the workplace performance influences employees’ payments: increased productivity leads to higher financial benefits, while low productivity attracts reduced levels of the salary.
Deepak Gupta, Managing Director – Middle East at PDI Ninth House moderated a panel discussion with focus on leadership development as part of the second day of the HR Summit and Expo 2012.
