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Lift your company's overall performance by raising the bar on performance standards, developing a culture of excellence and achieving leadership in the market.
If only you could staff your entire company with star performers. You know, like that top 20% of people across the organisational chart who consistently deliver above and beyond requirements. The 'dream team' concept is compelling, but life doesn't work that way.
In reality, staff performance in most organisations falls neatly along the contours of the proverbial bell curve:
This high level segmentation is a useful exercise when you're thinking about using incentives and recognition to lift performance.
Your top performers thrive on recognition for their outstanding efforts, so keep the top trips and gala award dinners on the plan.
Your bottom performers may be suffering from lack of skills, an unsupportive environment, or plain bad attitude. Whatever the issue, you will clearly need to take a closer look at how you can use incentives to get them moving in the right direction.
Obviously, your greatest opportunity to improve bottom line performance overall lies in your biggest segment - your middle performers. Nudging this critical mass of middle performers by just 10% could make or break your year-end results. And lifting their performance by 20%?
Now you're on your way to building a dream team.