UK employees too stretched to deliver business targets
Almost half of UK employers say their existing staff are too stretched to deliver their business targets, according to new research.
Research by the global management consultancy the Hay Group shows that despite UK CEOs’ ambitious growth targets of 5% for 2011, 46% admit their staff are already too stretched.
The study also found that UK employers are failing to align performance management with business strategy.
While 83% of UK business leaders agree that individual performance management is an important driver of overall business performance, only 22% of firms align their performance management approach to the company strategy.
More than a third (36%) of business leaders describe their performance management process as a mere ‘tick-box exercise’.
Matt Crosby, associate director at the Hay Group, says: “Employee performance management sits at the heart of business success — yet too often is seen by senior managers as a chore.
“Without an approach tailored to their strategy, culture and values, firms will not be in the right shape to deliver the growth expected of them.
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And while two-thirds of UK CEOs admit this target is high, and will demand a massive productivity increase, very few have the necessary performance management required to meet it. Over half (55 percent) of UK business leaders plan to ask more employees
The study also found that UK employers are failing to align performance management with business strategy. While 83% of UK business leaders agree that individual performance management is an important driver of overall business performance,
The Institute of Sales and Marketing Management (ISMM) – the UK's association for sales professionals – is continuing to emphasise the need for training and continuing professional development (CPD) activities relating to the UK Bribery Act,
Past performance is not a guide to future performance. Registered office of BNY Mellon Asset Management International: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the
It has also enabled internal peer reviews, which can be used before an application is submitted, and provided a performance management tool. "Because we are part of the Russell Group we expect research to be active and successful, and have to look at
Older workers neglected by performance management
Older workers neglected by performance management
Thursday, 23 June 2011
Employers in the UK need to focus on training and
performance management for older workers or risk falling foul of the law when Britain's Default Retirement Age (DRA) is phased out.As the Pensions Bills moves through parliament, the Chartered Institute of Personnel and Development (CIPD) has issued the findings from its latest report Employment Outlook: Focus on an Ageing Workforce.
It revealed that older UK workers are often neglected with regards to training and performance management , with less than half of staff aged 65 and over having had regular appraisals, compared with a workforce average of 65 per cent.
Dinah Worman, diversity adviser at the CIPD, warned: "The removal of the DRA will rightfully put a stop to lazy management of older workers, with employers forced to maximise the talents of an ageing workforce."
From October, employers will no longer be able to require employees to retire at a certain age, except in just a few limited circumstances.
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