BetterWorks is a continuous performance management solution and a new cloud-based platform that allows employees to better reach their personal business goals. While it was in stealth, the platform raised $15.5 million with its top advisors and picked from 25 enterprises. CEO Paul O’Neill of Alcoa believes that a company should always focus on the employees and clients. This is his three rules to maximizing a companies workforce.
The first rule is to look forward and not backward with the company’s implemented performance process. The annual reviews that employees go through are very stressful and not helpful to their career. By the time the managers review them, the advice is too little, too late. What needs to be done is to have managers have these reviews more often and teach the managers how to lead the conversation to look toward how the employee can impact the company.
This goes along with the next rule, which is to help the company managers to motivate the employees. The more the senior manager, the more experience and advice they can give to the employees. Far too often managers forget this. Companies should train managers to have these conversations. This way they can act more like coaches and pass on their knowledge to better the employees and company.
The third rule is to ensure all employees have a purpose and that they are in a position where they can grow. If the employee sees this as a dead-end job and knows the company doesn’t care about their talent, why would they stay? Companies need to invest in employees careers and keep them engaged.