With employee turnover at a record high, it’s time companies look at how they can retain the right employees. Tracking employee performance isn’t a negative practice; instead, it’s a way to help employees grow within the company, increase transparency, and help companies find gaps and areas to improve. It shouldn’t scare employees, and it definitely shouldn’t scare management. Read on to find out exactly why your company needs to embrace employee performance tracking software because disengaged employees and high turnover is a lot more expensive in the long run.
- Sets Expectations and Goals
Tracking employee performance doesn’t just tell you how your employees are performing, it also tells them what your expectations are and what goals they need to work towards. If no one is tracking their progress, employees don’t have much incentive to work hard. Tracking employee performance forces managers to figure out what an ideal performance from their employees look like, and this doesn’t happen without a clear process in place.
- Improves Job Performance
Tracking employee performance helps your employees understand that the goal isn’t just to ride out the clock. They’re not being paid to just fill a seat for the day, but instead, they have to work smarter to ensure the job gets done and targets are being met within the time they have. Tracking their completion of duties, tasks, and projects helps shift the focus from finding ways to fill the hours to finding creative and smart ways to ensure the job gets done while making sure employees are working to their full potential.
- Identifies Strengths and Weaknesses
A good manager knows their employees’ strengths and weaknesses, and tracking employee performance is a great insight into those areas. Seeing where employees thrive helps ensure promotions and raises are being directed appropriately, and it also helps figure out areas for improvement, so your company is running as efficiently as possible.
- Boosts Employee Engagement
Employee engagement is surprisingly important for the success of your company, but too few managers understand this. Employee engagement isn’t achieved by hosting the occasional employee appreciation BBQ; it’s built by ensuring employees are invested in the success of the company and knowing that their career growth is linked to that success. Tracking their performance helps show employees that managers care about their growth, and that good performance will be recognized.
So now you know how to manage your employees, but first, you need the right employees. Total Hire can help get you the right talent to make employee management easier than ever. Not only do you cut down on a costly turnover by hiring right on the first try, but you also find ambitious talent that embraces performance tracking and other measures that help them grow their career. Click here to find out more about how Total Hire can revolutionize the way your company hires employees, because saving time, money, and resources are always good for business.