All companies differ in their business goals and requirements, and in their definitions and measures of success. Isn’t it therefore a little odd that most still use the same conventional approach to plan and monitor the performance of their employees and the company as a whole? The seemingly ubiquitous annual ratings-based staff appraisals and quarterly...
Objectives and Key Results are a simple and powerful management tool, which is credited with being the underlying reason for the success of firms like Google Inc. In the chaotic environment of a growing startup, OKRs help them prioritize & execute right and deliver growth without losing their focus. To get the discipline when following...
Startups need a coherent human resource management policy to ensure their success, and to scale up while dealing with challenges. What should one keep in mind when setting a scale-up strategy for a startup, especially with reference to their HR practices? Their strategy needs to focus on the following: Create an organizational culture to encourage...
The many benefits offered by a Performance Management System help start-ups to achieve their business objectives within a predefined time-period and to stay ahead of their competitors, as it enables them to: Formulate business objectives Set clear goals for the employees Provide consistent feedback to employees Use feedback to drive performance and boost productivity Foster...
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