“Studies have shown that 98% of people see themselves in the top half of all performers”
- Well-defined performance standards answer the question: “What does good performance look like?” They tell employees what to shoot for so they can win. They also allow for self-management and self- responsibility. Clear standards eliminate surprises when it comes time for performance reviews.
- Generally, four factors can be used to create performance standards that affect the success of the business.
- Quality – Does the stakeholder or customer care how well the work is done?
- Quantity – Does the stakeholder or customer care how many are produced or how fast things get done?
- Time – Is it important to accomplish the activity by a certain time or date?
- Budget – Does the stakeholder or customer care about the cost, or is it important to accomplish the activity within certain cost limits?