Performance Support That People Love
Leaders strive to help their team perform at their best, but often aren’t sure how to approach it or worse, they are constrained by tools and processes that haven’t caught up to the demands of today’s workplace. Setting clear and aligned goals, giving frequent and effective feedback, and recognition of a team member’s contributions are all key performance enablement tools to keep team members focused and motivated to perform their best.
The End of Annual Reviews
The annual performance review is a common culprit that often holds people back rather than moving them forward. It contributes to team members receiving infrequent feedback which is often related back to goals that haven’t been updated since they were set a full calendar year before and may no longer be relevant, or may have been forgotten altogether. Annual reviews also suffer from a recency bias, focusing more on recent events than a holistic view of a person’s performance.
Catalyst’s weekly reviews solve this by recording the gut feeling of every team member about how their work is progressing. Leaders can then go over weekly reviews and other data with each team member to coach them past any obstacles they are facing, driving them to achieve their goal.
Better Conversations for Better Outcomes
Catalyst’s reporting framework gives leaders the information they need to have focused, directed conversations with their team. With the right information at their fingertips, leaders are better able to coach their people and support them in achieving their goals faster. These conversations then serve as the basis for a leader to recommend a customized curriculum in the Catalyst Academy that will outline a path of skill development for each person to reach their full potential.
Keep Top Performers Engaged
People who don’t feel adequately recognized are 2x as likely to leave a team as those who do feel recognized. Retaining top performers is essential to any fast growing organization. Having the right recognition tool will help these companies thrive through their growth. This likely contributes to making Kudos, a virtual high five, so popular on Catalyst. Kudos can be given by leaders or peers to recognize colleagues in a more public and visible way. Kudos are assigned one of several categories that reflect characteristics that are core to an organization – values like Set Up For Success, Customer Empathy, Tell It Like It Is, or Innovation – with Kudos recognizing people who particularly demonstrate that value. To multiply the impact of the recognition, colleagues can like and comment on Kudos, adding to the social collateral and reinforcing the positive attribute across the company.