People Productivity drives Organisational Profitability

An organization is a congregation of people who have come together to work and create economic value. Thus, People Productivity becomes the bedrock of Profitability of the organisation.

The question becomes, how to create a Positive process of continuous improvement in Productivity? The emphasis is on the word ” Positive” and the aim is that we nudge the employees to perform better and achieve their potential without nagging or creating a culture driven by fear or bias.

Most organisations, including yours, already has an HRMS system where the basic details of the employee – joining details, current position, performance, compensation, and the like are captured. However, do you have a Performance Management System which helps to improve employee Productivity continuously and logically?

When an employee joins, he comes with a positive attitude, happy to have got the job and keen to perform. From that point onwards, his interaction within the orgnaisation (people , processes and systems) become the framework within which he too starts to behave.

Just like Marketing and Sales departments introduced the CRM (Customer Relationship Management systems) to better focus on Customers over and above the ERP systems, so also the HR needs an evolved Performance Management System to better focus on Productivity Enhancement.

Which are the Elements of Performance Management ?

1. Talent Management
2. Compensation Management
3. Accountability – through Feedback and Surveys
4. Appraisal and Review

The area where many organisations miss out in data and practices is Talent Management as they do not have Talent Assessments to support data accumulation around actual Competency Levels and Skills in the organisation.

TALENT Management combines the influence of Learning, Skills and Culture to measure PERFORMANCE for assessing TALENT metrics.

The four factors of Talent assessment can be classified into the following traits;

1. Capability: This includes the physical and skill capability in the form of educational and physical capability for delivering talent.
2. Cognitive: Refers to the ability to resolve problems using mental logic.
3. Behaviour: Can be defined as the conative factors which influence our outcome based on past experiences and beliefs.
4. Motivation: These are the affective factors and include our aggression, temperament and intrinsic versus extrinsic dispensation.

And Talent Assessments and Feedback Surveys need to be done periodically since people change and this change needs to be understood at an periodic basis .

If you are looking at Productivity Enhancement through great People Practices, do reach us at +91 7349662320 / 21 /22 or drop us a note at score@pexitics.com.

The concepts are universal, but we at Pexitics understand that organisations have different needs. Customisation is a part of our offerings.