Statistics are much more than just a bunch of numbers thrown together. They are vital for business development. That’s why it is so important to transform these complicated charts into information that can be useful for your company.
Would you like to see how well your employees are performing in real-time? Do you want to create truly useful reports for your company’s future? Let’s see how we can use performance management statistics to increase productivity and improve the work environment for your employees.[ez-toc]
Numbers Don’t Lie. They Help!
We can feel overwhelmed when reviewing performance reports. However, the importance of these statistics can’t be overstated. Think about these numbers as tools you have at your disposal to improve your company’s productivity. If you use this information properly, the sky’s the limit!
Managers must use data effectively to show their workers which areas need a little boost to achieve the company’s goal. As soon as you have your performance reports, work with your employees so you can see how improvements could be made together. Information is power, as they say, so empower your team members by giving their advice based on accurate reports.
Statistics Spell the Truth
Planning without having information about the route is like walking blindly straight into the abyss. Make statistics your best friend, as they help you prepare more clearly. Performance management systems produce numbers that will show your company’s flaws and strengths.
Our job as managers is to turn those complicated numbers into useful information. Statistics spell the truth about the current situation of the company. Use them wisely, as they can be a game changer for your business if you take advantage of them properly.
7 Performance Management Statistics and Facts You Should Know About
Numbers don’t have to be something boring and tedious. Moreover, it is possible to turn them into something fun to create new challenges for your employees. If your team feels burned out about the same tasks every day, you can set new goals, so they feel a renewed sense of motivation.
Now, we present some fun statistics about performance management that will show you how valuable statistics can be for any business. After you learn about these fun facts, you will see how important numbers are for your company’s future.
Most Companies Weren’t Happy With Their Performance Management in the 90s
Performance management is an ever evolving field. Before productivity softwares were developed, reports were built manually. In fact, only 3 out of 10 employees in the 90s considered these reports meaningless, as they didn’t show what they needed to improve.
When team members gathered to hear their manager’s statistics presentation, they were often bored and tired. Since then, these reports have been improved, as they now show real time data about productivity. From this information, managers now develop new ways to turn these numbers into strategies to increase the quality of work being done by their team members.
Manual Productivity Reviews Tend to Fail
Traditional performance reports were often received as unfavorable by employees. Manual reviews tend to show only the weaknesses of the company. That’s why managers and HR departments have created new softwares to take full advantage of this information for the improvement of the company.
Current automatized processes offer a whole new set of possibilities. With the help of performance management systems, you can see the entire picture of your company’s productivity. You won’t miss any detail about what your employees are doing. Therefore, you will have information on motivating them and preparing new goals to award your hardest workers.
More Than 30% Of Employees Don’t Have Real Time Feedback About Their Tasks
Could you imagine being punished for a mistake you made a year ago? When employees don’t have real-time feedback, they can’t fix their mistakes right away. As managers, we must be as effective as we expect our team members to be.
Productivity reports should give you real-time information, and then you can prepare constructive feedback to help your employees improve upon their mistakes. Statistics should be used to support your team, not discourage those who need a little boost.
4 Out of 5 American Employees Don’t Feel Happy About Their Performance Reviews
One old tendency that we must prevent is using reports and weekly meetings to scold your employees. Support and acknowledgment should be the main goals of any kind of statistic.
Once you understand your company’s current state, it’s essential to properly analyze this data. Most US employees’ reports are made to punish them. Try to show your team that these numbers could be helpful to achieve new goals and to set incentives to increase productivity.
Employees Stay Where They Are Appreciated
Statistics not only show the downside of your company. Instead, they can demonstrate who is the hardest worker in the office. If you want them to keep their peak performance, acknowledging their results is a must.
Once you have productivity statistics, reward those with the best performance with promotions with a salary increase. Also, show other team members that their efforts could be rewarded if they give their all in their daily tasks.
Daily Feedback Is Key for Improvement
If your car seems to be having a problem, you don’t wait until the end of the month to fix it. The same applies to performance reports. It is more effective to have this information on a daily basis. This way, mistakes will be corrected sooner, and employees will increase their productivity much faster.
Spreadsheets Are Considered a Thing of the Past
We all use Excel for even the simplest of tasks. However, this tool only gives you a superficial view of the performance of your employees. Learning about new tools available on the market will allow you to see the whole picture of your company’s productivity. Don’t fall behind your competitors. Take the time to use new performance management softwares to make improvements faster and more efficiently than them.
Gamification: Turning Numbers Into Results
Now that you know the importance of statistics, it’s time to learn how to use them to the utmost advantage. Gamification allows companies to turn numbers into fun challenges so everyone on the team feels motivated to achieve new goals. As a result, you will have more committed employees and a healthier work environment where everyone strives to be the best.
Let´s Get The Game On!