{"id":360,"date":"2013-06-12T09:32:12","date_gmt":"2013-06-12T09:32:12","guid":{"rendered":"http:\/\/blog.synergita.com\/?p=360"},"modified":"2013-06-12T09:32:12","modified_gmt":"2013-06-12T09:32:12","slug":"feedback-policy-performance-management","status":"publish","type":"post","link":"https:\/\/newtest.synergita.com\/blog\/feedback-policy-performance-management\/","title":{"rendered":"Feedback Policy : Performance Management for New Age Organizations"},"content":{"rendered":"<p>Feedback policy is an important ingredient that helps in performance management of any organization. Read more!<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2013\/06\/Feedback-policy.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-509 aligncenter\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2013\/06\/Feedback-policy.jpg\" alt=\"Feedback policy for new age performance management system\" width=\"384\" height=\"255\"><\/a><\/p>\n<h2><span style=\"font-size: small;\"><b>Feedback policy: The Road Map <\/b><\/span><\/h2>\n<p>Part 1 would have convinced you the need for change. Part 2 would have given you a completely new perspective of looking at people and their relationship with organizations. Now let us look at the Road Map.<\/p>\n<p>It is clear that the need is to make a paradigm shift and a cultural change. But organizations are not that easy to change. We need to transform from a \u201cengineered &#8211; money making \u2013 machine state\u201d to a \u201ccaring \u2013 living \u2013 organism\u201d that produces joy and happiness for its people, people who are its employees, vendors, customers and shareholders.<\/p>\n<h2><span style=\"font-size: small;\"><b>3.1 The process should demonstrate the intention <\/b><\/span><\/h2>\n<p>Allow people to provide and share <a href=\"https:\/\/www.synergita.com\/features\/360-degree-feedback.html\/\">360 degree feedback<\/a> and de-link this feedback cycle from the salary administration process. You are seeding a culture of open and lateral feedback.<\/p>\n<p>Set aside a significant amount of your compensation budget to be used for converting reward points to monetary benefits and perks. Allow those reward points to be issued and received socially between people who collaborate on a day to day basis (without any approvals from formal channels). You are telling people that the wisdom of the crowd is more valuable than the individual judgments of managers.<\/p>\n<p>Encourage managers to share appreciation as well as developmental feedback on a continuous basis and set aside time for on the job coaching and development of their team members. Emphasize the need for career development plans and growth plans in addition to performance reviews. Project and celebrate such managers as better leaders so that the culture spreads across the organization<\/p>\n<p>Give a compensation budget and an increment budget to managers and let them decide how to use it. Set up separate system \/ process \/ template for arriving at quantum of increment for each team member within a team. Delink and separate this process \/ cycle from the Performance feedback cycles and Developmental Feedback cycles. (atleast by a few months).<\/p>\n<h2><span style=\"font-size: small;\"><b>3.2 Using Technology tools as a catalyst for cultural change <\/b><\/span><\/h2>\n<p>Now it is easy to provide access to technology tools to everyone in the organization, so that many of the initiatives recommended in the previous section could be easily executed and managed without too much manual effort.<\/p>\n<p>Customizing the tool to suit your specific business and organization is very important. Elements of \u201cwhere you want to get to\u201d in terms of culture, can be incorporated in these tools, so that it percolates in to the organization over a period of time.<\/p>\n<p>But ensure that you choose a technology platform or tool that has been designed and architectured to support this new paradigm of people engagement. Tools designed to automate traditional processes can do more damage than good, as they might re-enforce aspects of culture that you actually want to change. (Example: allowing a peer to give reward point and then asking the manager to approve it).<\/p>\n<h2><span style=\"font-size: small;\"><b>Conclusion <\/b><\/span><\/h2>\n<p>There is a need to re-look at the purpose of why business organizations exist and their role in growing and developing people. Then we need to re-define the relationship between people and their organization, so that people are not treated as \u201cresources\u201d to be managed like money and materials, but as people who have to be inspired and engaged.<\/p>\n<p>Closed and Top down approaches have to be replaced with more open, lateral and social approaches. The organization has to become less like an engineered machine and more like a lively living system.<\/p>\n<p>In this environment of cultural change and evolution, technology tools designed afresh (such as <a href=\"https:\/\/www.synergita.com\">Synergita<\/a>) can play a catalyst role.<\/p>\n<p><a href=\"https:\/\/www.synergita.com\/synergita-test-drive.html?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=Raji\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5470 size-full\" src=\"https:\/\/localhost\/synergitablognew\/wp-content\/uploads\/2013\/10\/synergita_test-drive-1-1.jpg\" alt=\"\" width=\"650\" height=\"96\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2013\/10\/synergita_test-drive-1-1.jpg 650w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2013\/10\/synergita_test-drive-1-1-300x44.jpg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Feedback policy is an important ingredient that helps in performance management of any organization. Read more! Feedback policy: The Road&#8230;<\/p>\n","protected":false},"author":4,"featured_media":509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[40,50],"ppma_author":[9],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Feedback Policy : Performance Management for New Age Organizations - Feedback Policy : Performance Management for New Age Organizations<\/title>\n<meta name=\"description\" content=\"Feedback policy which has 360 degree feedback seeds a new and different culture in an organization and helps in the development of team performance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newtest.synergita.com\/blog\/feedback-policy-performance-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Feedback Policy : Performance Management for New Age Organizations - 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