Leaders often notice the challenge of joining team goals with organisational strategic objectives. Cascading strategic objectives to teams and individuals is a familiar practice, but it can discourage employee engagement and prevent a clear line of sight between a team’s outputs, an individual’s performance, and organisational goals.
How do business leaders look beyond traditional ways of creating strategic goals and managing employees’ performance?
The Integrated Performance Management report (download below) was designed to guide business leaders in maximising the positive influence that staff have on long-term value creation, including operational strategies and objectives.
An integrated approach to performance management
With increasing pressure from stakeholders for companies to deliver transparent reports that include financial and nonfinancial data, an integrated approach to performance management is needed. How do executives keep pace with regulatory changes and incorporate reporting standards on environmental, social, and governance (ESG) initiatives into performance management?
Based on research, interviews, and round-table discussions on strategy, risk, ESG and more, the Integrated Performance Management (IPM) report includes an IPM framework that addresses the challenge of connecting team and individual performance with organisational objectives, including ESG. The IPM framework:
Is applicable to organisations of any size, in all businesses and industries
Provides a roadmap for implementing a performance management system that aligns with the organisation’s purpose and values
Embraces multi-capital, multi-stakeholder, long-term value-creation principles and places the workforce at its centre
Building on the 2021 report: Reimagining performance management
In 2021, AICPA® and CIMA® and the World Business Council for Sustainable Development (WBCSD) published Reimagining Performance Management, the first output about how performance management must evolve to respond to present-day business challenges.
Our research highlighted a significant disconnect between strategy and operations, which has led to challenges in effective performance management. This gap makes it difficult for businesses to align their strategic goals with day-to-day operations.
However, companies can achieve better outcomes and create a culture of continuous improvement by aligning strategy, operations, performance, incentives, and people. Explore the Integrated Performance Management report to learn how.