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How to Manage Performance in Your Business: Tips and Strategies

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Mel Stead, Managing Director of Optimal HR Services
15th August 2022

When it comes to business, performance is key. If your business isn’t running as efficiently as possible, you’re going to find yourself struggling to keep up with the competition. In this blog, we will discuss some tips and strategies for managing performance in your business. We’ll cover everything from goal setting to data analysis, and everything in between! So if you’re looking for ways to improve your business efficiency, read on!

One of the first things you need to do when it comes to managing performance in your business is to set goals. Without goals, you won’t be able to measure your progress or determine whether or not you’re on track. So take some time to sit down and figure out what it is that you want to achieve. The goals all need to be SMART (Specific, Measurable, Achievable, Realistic, Time-Bound) as this will ensure that your team member understands exactly what they need to do to achieve the objective and exactly what is expected of them. Once you have your goals set, you can start to develop a plan for how to achieve them. Does the team member need training, peer support, a specific tool or system to use, or do they already have the skills and competence to achieve this already?

Next, you need to start tracking your data. This data can include everything from sales figures to customer satisfaction rates. By tracking this data, you’ll be able to see where your business is performing well and where there are areas that need improvement. Once you have this data, you can start to implement strategies to improve those areas.

Finally, you need to communicate with your team. Performance management isn’t something that you can do on your own – it takes a team effort! Make sure that everyone in your company is aware of your performance goals and is working towards them. This involves engaging with your team to explain the performance management framework, what’s expected of them, how you will support them, and what happens if performance isn’t achieved. Managers should meet regularly (monthly is recommended), and you should discuss performance against goals, providing advice and guidance when needed to support the employee to fulfil the goals. By communicating and working together, you’ll be able to achieve anything you set your mind to!

Frameworks don’t have to be labour intensive, performance management can be as simple as it needs to be.

So there you have it – some tips and strategies for managing performance in your business. By following these tips, you’ll be well on your way to making your business more efficient and successful. So what are you waiting for? Get started today!

If you need any assistance in implementing a performance management framework in your business then give us a call on 0330 0881857. We are more than happy to help.

Please also check out our website www.optimaloutsourcing.co.uk/hr/project-support/ for more information on how we can support your business.

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1 in 3 Teachers Planning To Quit Their Profession

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A recent poll run by the National Education Union has uncovered that 1 in every 3 teachers in the UK plans to quit the profession within the next five years.

It’s likely of little surprise to many, with the survey – conducted in April 2021 – coming after over a year’s worth of disruption to the UK’s education system caused by the coronavirus pandemic, with challenges including safety at work and the constant switching between in-person and online lessons damaging to teachers’ wellbeing.

From the 10,000 teachers from England, Wales and Northern Ireland who participated in the poll, it was clear how exhausted the majority currently feels toward teaching with the stats speaking loudly as to the intentions of many:

  • 35% stated they would “definitely not” be working within the profession by 2026
  • 66% agreed the status of the profession had diminished and blamed the government for failing to listen to their ongoing issues
  • 70% blamed an increased workload as a major reason to leave
  • 55% feel their work-life balance has become worse since before the pandemic began

After what has been a tough few months for everyone – teachers being no exception – unions have now called for a 7% increase to their salaries with the hope this will support many toward rethinking their plans to leave a sector already under pressure thanks to outdated testing systems and funding cuts.

Yet with 95% of respondents admitting they have concerns for their wellbeing, it is likely an increase to their pay alone is insufficient in turning the tide.

Mel Stead, Managing Director of Optimal says “During the pandemic, schools and academies had to adapt very quickly to delivering both classroom based teaching for keyworker and vulnerable children, as well as remote learning for all other students, this was on top of trying to manage their own caring responsibilities and other family commitments.  Employees are exhausted and their mental health has suffered as a result of this.  The introduction of our well-being reviews has been a huge success in some schools and academies and it has enabled us to signpost individuals to organisations who can provide appropriate support swiftly and prevent more serious long term issues. We cannot afford to lose such talent from this sector.”

Would you like to introduce well-being reviews into your School or Academy? Wherever you are in the UK, you can arrange a chat with one of our friendly professional HR team at any time.

Call us on 0330 0881857 or email enquiries@optimal-hr.co.uk

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Optimal HR Services Ltd is a company registered in England and Wales. Company Registration Number 13325554. VAT No: 379567039

Our in-house solicitor provides non-reserved legal services to the public and is personally authorised and regulated by the Solicitors Regulation Authority for that purpose. That authorisation and regulation does not apply to Optimal HR Services Ltd, and neither does it cover other services that we offer or work carried out by other members of our team.