PERFORMANCE MANAGEMENT
Performance
Management is a comprehensive process that takes an integrated approach
to strategy, planning, and financial management. We help translate
strategies into plans, integrate those plans into budgets and
forecasts, create measurable benchmarks, and provide insight to better
manage and improve the financial and operational performance of your
company. CoreStrata® Performance Management creates a
performance-accountable organization, one in which all individuals at
all levels work collaboratively towards the same goals, striving for
breakthrough performance and accountability in all of their actions.
THE PROCESS
- Translate strategies into specific, objective, and measurable goals and action plans
- Perform a comprehensive financial analysis
- Develop operational budgets and forecasts
- Create multiple scenario forecasting (exceed, target, under-perform)
- Align employee actions with strategies for accountability
- Accurately plan for employee and asset-related expenses
- Effectively communicate goals throughout company
- Link performance rewards to strategy
- Monitor progress
BENEFITS
- Fact-Based Decision-Making
- Comprehensive Financial Overview
- Budgets and Forecasts Linked to Strategy
- Compensation Planning
- Strategy Development
- Performance Rewards Linked to Strategy
- Increased Profitability
- Increased Accountability
- Improved Resource Planning and Utilization
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