Wednesday, October 3rd, 2018

Performance Agreement

“People don’t get promoted for doing their jobs really well, they get promoted by demonstrating their potential to do more.” – Tara Jaye Frank.

You know all about performance, right? In your firm, you often talk about performance feedback or pay for performance.

The meaning of performance is varied but for our purpose, we take it to mean the execution of an action, something accomplished, or the fulfillment of a claim, promise or request.

Your employees want to know what you expect of them. Young people entering the profession want to know what their career path looks like. Maybe you should be using performance agreements to clarify what is expected.

A performance agreement is a tool that establishes expectations and accountability for the execution of certain performance standards. Performance agreements must clearly state agreed-upon objectives and how these will be measured.

Learn about the benefits of performance agreements and what points they should contain here (via Mindtools)

  • "A man is but the product of his thoughts. What he thinks, he becomes."
  • Mahatma Gandhi.

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