Employee Performance the Cornucopia way

Cornucopia Lanka, a regional HR set up, is offering a Performance Management System (PMS), to enhance and measure individual performance and to institutionalise chosen strategy.

Dinesh Weerakkody, Head of Cornucopia Lanka, said to build a useful performance management system a company needs to identify SMART objectives, decide how to measure performance according to the identified SMART objectives, tell people how well they are doing, and give them the tools and the support and encouragement to improve their performance.

To complete the cycle, performance must also be built into the reward system. However, performance related pay is probably the most controversial element in the performance management cycle, he said in a press release.

Many people find the link between performance appraisals and pay an uncomfortable one. Yet in organizations where the culture has a performance orientation, performance related pay is seen by employees as a more equitable reward systems than those, which offer no relationship to performance. The Succession planning part is also a key element in the Cornucopia performance management approach.

The Cornucopia PMS tool is supported by resource personnel from Bangalore.