What is a Employee Performance Plan?
An employee performance plan outlines the expectations, goals, and objectives of employees within a specific role. This plan is typically created and implemented by a manager or HR leader in order to ensure consistent performance and progress among their employees. It includes objectives, and projects to enhance employee performance and productivity company-wide.
What's included in this Employee Performance Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Employee Performance Plan template for?
The Employee Performance Plan Template is designed to help HR leaders, managers, and teams of all sizes and industries create a plan to manage employee performance. This template provides an effective framework to define objectives, set measurable targets, and implement related projects to achieve those targets.
1. Define clear examples of your focus areas
Focus areas are the main topics or themes that you want to focus on to improve employee performance. Examples of focus areas include improving employee engagement, increasing productivity, and enhancing customer experience. These focus areas should be broad and encompass the overall goals of the organization.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals that you want to achieve within each focus area. Each focus area should have multiple objectives that are related and contribute to the overall goal. Objectives should be specific and measurable.
Examples of some objectives for the focus area of Improve Employee Performance could be: Increase Employee Engagement, and Decrease Employee Turnover.
3. Set measurable targets (KPIs) to tackle the objective
Key Performance Indicators (KPIs) are the metrics used to measure progress towards objectives. KPIs should be measurable and have a defined initial and target value. For example, if one of the objectives is to reduce employee turnover, an associated KPI could be the employee turnover rate.
4. Implement related projects to achieve the KPIs
Projects are the actions taken to implement strategies and achieve the set KPIs. For each KPI, there should be multiple projects or actions that can be taken in order to reach the desired target. Projects should be specific and actionable.
An example of a project related to Improve Employee Performance could be: Develop an Employee Appreciation Program.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform is a powerful tool that gives teams the ability to quickly and easily create, track, and measure the progress of their employee performance plan. With Cascade, teams can create dynamic plans, set measurable goals, and track progress in real-time. Cascade gives teams the visibility and insight needed to make informed decisions and drive better results.