
Performance management: Process, benefits and examples
Explore the benefits and challenges of performance management, and learn how to implement an effective process that helps employees grow.
Your employees are your company’s most valuable asset, which is why an investment in them is an investment in your business. Having a comprehensive career development programme can help you attract the top talent in your field, reduce staff turnover, and help the high achievers in your team grow into tomorrow’s business leaders.
Career development training is also improves employee productivity and innovation. With a lack of career advancement opportunities being reported as one of the top reasons for leaving an employer, providing chances for growth with training helps you retain the top talent on your team.
A strong career development programme is something that businesses can offer regardless of size and setting one up is simple with the right software. Employee training management software from Sage will ensure your success.
When setting up training management for your career development programme, you need to consider how you’ll manage the following:
Identify the necessary skills for the job and any skills gaps You will have to conduct a learning needs assessment to see where there’s room for improvement in your staff.
Identify the strengths and weaknesses in your staff through a learning needs assessment and set learning goals based on current skill levels.
Keep track of your employees’ progress with HR software. With the right employee training management software in place, you'll have easy access to activity records and progress overviews, eliminating guesswork from the process and making appraisals more effective.
Your employees may be nervous to bring up their career development aspirations in performance appraisals. That’s why a career development programme is a great opportunity to discuss these and to see how you can align these individual ambitions with your business goals.
When starting your employee training management programme you should provide a safe space to talk about career development in a one-on-one setting.
This will give you useful insights when planning which training opportunities to offer employees, and how going through the training programme may have changed these aspirations.
There are several advantages to using employee training management software from Sage in your career development programme :
It’s easy to identify professional development opportunities through learning needs assessments. Offering self-assessment as part of the process motivates them to take charge of their own career growth.
Get actionable insights from activity reports and an employee progress overview, ensuring you’ve got the most up-to-date insights into your workforce.
HR software solutions and consultancy services from Sage will help you cut costs and save time.
Explore the benefits and challenges of performance management, and learn how to implement an effective process that helps employees grow.
What accountants need to know to prepare clients ahead of the HMRC and Companies House company accounts and tax filing service closure.
Accounts receivable means invoices not yet paid to a company. Learn what it may mean for you, and how to report it.
Learn how finance professionals can use AI and predictive analytics to improve financial forecasting and make smarter decisions.
Need help understanding what Making Tax Digital for Income Tax will mean for your business? These insights will get you up to speed.
Discover how portfolio accounting empowers CFOs, finance teams and business leaders with the data and insights needed to take action.
Net 30 payment terms mean a fee is due within 30 days of receiving the invoice. Learn what they are and why they matter.
Dealing with new legislation can be challenging. Discover how MTD for Income Tax will help your business and improve how you do things.