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“PLAN→MONITOR→REVIEW→REWARD” Repeat till you have the desired result.
Organizations that plan and evaluate their operations and activities in a strategic manner help employees to be singularly-focused on their roles and responsibilities. It plays a crucial role in the exponential development of employees and, ultimately, leads to more organizational growth and transparency.
One such systematic approach and evaluation process that ensures efficient output is the Performance management plan, a collaborative style of going about managing the manager-team member relationship.
Regular communication and feedback with supervisors (part of performance management) motivates employees to perform better.
Performance Management Cycle
Continuous supervision and training with measurable feedback will enhance individual and team performance. To ensure the best outcome for supervisees’ abilities, the four key phases of performance management are given below:
- Plan: Setting clear objectives for employee growth aligned with organizational goals is the first step toward progress. Use goal-setting techniques like SMART and OKR for this.
- Monitor: Keep a close eye on employee progress to understand which employee goal(s) are misaligned or effectively aligned with the team or organizational objectives.
- Review: Regular performance checks, feedback, and training will enhance individual performance and catalyze progress.
- Reward: Granting performance-based rewards keeps the employees motivated and increases their engagement for future projects.
Re-usable Performance Management Plan Templates
Performance management plans need to be created on a frequent basis (based on the time of review), and creating them every time from scratch will be time and resource-consuming. Our 100% editable performance management plan templates will help eliminate this recurring task and save the time and energy you can devote to other important tasks like a better review or people management.
Let’s explore these performance management plan templates and make the review process smoother for you!
Template 1: Competency Framework for Implementing Performance Management
A competency framework is the set of roles or behavior expected from employees that exhibits a common understanding of the organization’s values. This PPT Deck explains the development and application of a competency framework with interpersonal and organizational factors. It contains templates on the framework’s steps, application, behavioral aspects, framework development, implementation, and the Hudson Model. Use this presentation as a stepwise guide for strategic and technical planning and organizational activities for performance management.
Template 2: Performance Management Planning And Good Governance Framework
With this pre-built presentation deck on governance and performance management planning framework, introduce policies and procedures for better customer experience and services. It will help you express your thoughts on the structure and critical elements required for the organization's governance model across departments. Use this template to develop and manage strategies with policies to perform and configure an excellent performance management and governance framework. Download now to boost your organizational growth.
Template 3: Human Capital Development Strategy for Performance Management Planning
Use this pre-designed presentation deck to create your organization's human capital development strategy and plan performance management. It contains slides on the human capital development pyramid, training development dashboard, flowchart, new project plans, and stages on workforce management. The team management and performance evaluation process will be a cakewalk with this PPT Set. Download this Template bundle to introduce strategic planning of human capital performance management.
Template 4: Performance Management And Career Planning for HR
Host expert discussion sessions on key HR functions, including organizational-level performance management and career planning, using this set of customizable PPT Templates. Illustrate the recruitment process using these templates with a visual presentation from a three to nine-wheel representation explaining each stage. Download this presentation template and use our well-researched templates to convey your message in an effective manner.
Template 5: Performance Management Process With Goal-Setting
Allowing employees to self-review their performance is an informal, but critical part of a comprehensive performance review process. If you are looking to present a review plan with employee self-appraisal as part of the framework, this template best suits your needs. Explain the performance management process from setting goals to feedback & improvement plans and performance appraisal documentation. Download this PPT template for designing an effective strategy to evaluate and reward employee performance.
Template 6: Performance Management Model With Departmental Goals And Coaching
Explain your performance management model that includes planning, proper coaching, and reviewing and aligning performance objectives with departmental/organizational goals with the help of this presentation template. It will help you set departmental goals, align them with the employee performance plan, prepare a performance coaching plan, and review it. You can use the adjacent space to explain the key steps of all four phases. Download and showcase your prowess in defining departmental performance management goals with this PPT template.
Template 7: Cyclic Model of Continuous Performance Management And Improvement
This PPT slide displays a performance management model covering planning, monitoring, and evaluating processes. Use this template to plan performance management for continuous improvement of employees. It will help ensure smooth workflow and drive better results. This slide will also help you explain the role of appraisal in performance management. Download this PPT template to get an actionable presentation on performance management.
Template 8: Three-Phase Performance Management Cycle
Use this pre-built PPT template to discuss development, career growth, and experience with employees. It highlights the role of performance check-ins, a series of feedback meetings that the management takes with employees to track progress and goals achieved. This is a well-structured slide to plan, check-in, and review the performance of employees and their mentors.
Template 9: Manufacturing Plant Performance Management with Production Rate And KPI
Using a KPI model to evaluate and manage the performance of a manufacturing plant is an excellent way to keep its production rate stable. This PPT template presents the production KPIs of a manufacturing unit in a graphical manner with annual production statistics. Present and evaluate performance for the units and productivity YTD, total units lost, production rate, operators available, and plant productivity in this excel compatible template.
Template 10: Employee Performance Management With Corrective Action Plan
A Corrective Action Plan (CAP) helps control performance or behavior of an employee, which affects business operations or other employees. This professional-designed PPT template is useful for managers to evaluate, measure and record nonprofessional conduct and devise a CAP. Download this template to examine work quality and showcase positive action that can be taken to alleviate the situation.
Evaluate It Yourself!
Performance management is the key process for workforce development backed by feedback and an improvement plan. It is a continuous learning and development process that ensures performance standards are always on the upswing.
A performance management plan is critical to human-resource recruitment and people management processes. Using this, an HR manager sets an ideal path for employee career planning and decides on appraisal and rewards distribution. Use our ready-to-use performance management plan templates to monitor and evaluate employee efficiency and effectiveness. These designs will help you record, assess and present the performance of the workforce in a systematic manner.
FAQs on Performance Management Plan
What should a performance management plan include?
A performance management plan includes the following:
- Setting employee performance objectives aligned with organizational goals.
- Creating a progress strategy to achieve those goals.
- Regular review and feedback sessions.
- Evaluating these results to set new performance goals.
What are the five stages of performance management?
For effective performance management, a company and its employees must work with a well-planned and structured action plan to achieve results. The five stages or elements of performance management are:
- Plan: Setting expectations, goals, and roadmaps on paper and their strategic execution plan.
- Monitor: Evaluate the performance on a continuous/periodic basis.
- Develop: Create new strategies based on evaluation results for improvement of performance and employee development.
- Rating: Set a rating system or standards to review the progress.
- Recognition: Grant performance-based rewards to high-performers to motivate all to enhance their performance.
Remember, that is a self-improving loop that sets the bar higher and higher for employee performance.
How do you create a performance plan?
Consider the following points while creating a performance plan:
- Set expectations and goals
- Set regular check-ups and monitor performance.
- Assess and review the performance to share periodic feedback.
- Take necessary action and reward performance.
