Veritude Report Identifies Need for Accurate Metrics
<p><strong>Boston — June 15 </strong><br />In Veritude’s latest Workforce Insight’s thought leadership paper, “How to Align Employee Performance with Business Strategy,” Jim McCoy, senior vice president of consulting services, identifies why establishing accurate employee performance metrics is critical to an organization’s ability to implement a successful business strategy and gain a clear definition of success. <br /><br />In the paper, McCoy states that business leaders can use their strategic planning process to ensure that organizational strategy and employee performance measurement are translated to front-line employees. </p><p>Implementing an employee performance measurement plan will help communicate business strategy, define desired performance behaviors, motivate employees and determine the right metrics to help a company achieve its goals. </p><p>In addition, performance criteria must be continually re-evaluated so that organizations can adapt to changing business environments and secure competitive advantages. </p><p>McCoy also said there are four key steps for implementing an employee performance measurement plan:<br /></p><ol><li>Identify the measurement criteria that are relevant to corporate strategy.</li><li>Ensure that your measurement system accurately interprets employee performance.</li><li>Continually reevaluate your performance criteria to meet changing business environments.</li><li>Communicate performance goals and key behaviors throughout the organization.</li></ol><p>Veritude experts regularly publish analysis on the latest thinking and next trends in the areas of staffing, workforce consulting, RPO and other HR topics.</p>
