Performance review examples collaboration

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Performance review examples collaboration

Performance standards describe the minimum financial or operational standards employees and managers must meet or exceed. Collaboration standards measure performance against benchmarks of cooperation inside an organization and between organizations. Performance standards are observable, measurable, realistic and expressed in terms of results. Companies should communicate the standards clearly, so that managers and employees know how their performance is being evaluated.

Manufacturing

In an increasingly global business environment, companies source their raw materials and components from worldwide suppliers. A high level of collaboration ensures timely production. In a January 2011 conference paper published by the Industrial Engineering and Operations Management Forum, Kyung Hee University-Korea professor JinSung Lee and his colleagues propose collaborative performance indicators. They suggest that by measuring and managing performance against these indicators, manufacturing supply chain companies can improve their competitiveness and increase collaborative efforts to achieve common goals. According to a product guide published by SAP, an enterprise resource planning company, a collaboration performance indicator measures the responsiveness of the companies participating in an interdependent process, such as a manufacturing supply chain.

Research and Development

Research and development (R&D) essentially is a collaborative effort. A start-up entrepreneur or a small-business owner could implement a combination of individual and group incentives to foster more group collaboration. In a Milken Family Foundation-sponsored research paper published on the University of Missouri website, researchers Lewis C. Solmon and Michael Podgursky found that performance-based pay actually led to competition rather than cooperation. Although their research was based in an educational setting, the lessons apply to start-up companies and the R&D departments of large companies. If scientists and engineers are competing with one another, there could be quality issues and schedule slippages, which would affect profitability. Therefore, companies should consider incorporating a portion of their compensation structures on the output of project teams.

Contractor Management

Small and large businesses often have to form partnerships to bid on projects or collaborate on joint product developments. These joint ventures could coordinate their human resource policies and set compensation schemes that reward managers and employees on the performance of entire groups. For example, if a group achieves various project milestones, all the team members could share equally in the bonus. Similarly, there could be bonuses based on performance standards for quality, sales and profits.

Considerations

Companies should avoid certain pitfalls when establishing performance standards, according to a human resources guide published by the University of St. Thomas. Managers should not have to micromanage employees if the individual and collaboration performance standards are clear. However, companies should continue to value individual contributions and recognize employees who go out of their way to help coworkers.

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• http://performanceappraisal123.com/300-free-phrases-for-performance-review