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Your workforce and employee performance are the lifeblood of your company. But creating a good work environment involves more than putting a pool table or a ‘relaxation zone’ in the office. It involves helping your staff develop both as individuals and as part of your team. This is where the importance of a sound employee performance management policy cannot be understated.

There are many benefits of a well-crafted employee performance management policy. Here we share just two thoughts for your consideration:

  1. It promotes open and constructive communication. Transparent and honest communication promotes high morale, cohesion and trust among your staff. Employees need regular, quality feedback on their performance. They also need specific details on how they can improve.
  2. It increases productivity and reduces costs. Overall, an ongoing focus on performance management provides better business results: It keeps the focus on key goals, reduces costs and drives profitability.

Should you want to discuss this or any of their services further, contact Ryan Coates on e-mail at ryan@reddotnow.com. Red Dot Now provides accounting, payroll and tax compliance services using the best-of-breed online technology.

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