Work Rules: Two Truths of Performance Evaluation Systems

The shortage of critical talent will continue to impact all industries and contractors who master talent will be the winners.

D. Brown Management Profile Picture
Share

Performance evaluation systems are a critical part of mastering talent through talent development and is one of the nine key processes

Leadership Tools: Two Truths about Performance Review Systems: No one likes the current system and no one likes the planned changes to the system. Book: Work Rules! by Laszlo Bock

With the construction industry having such a shortage of talent, the contractors that will dominate tomorrow will be the ones that have developed systems for quickly building skills within their teams.

The foundation of great coaching like John Wooden is about being able to give rapid and actionable feedback.

Longer term feedback, including career development planning, requires a more formalized structure that is consistent across the business. There is no perfect system, so you should always be watching the results and improving with each cycle: PDCA

-----------------------

Laszlo Bock defines it best in his fantastic book called Work Rules.

There are two truths about performance review systems.  

  • Truth One: No one likes the current system.  
  • Truth Two: No one likes the planned changes to the system.  

Remember that all great evaluation systems start with a clear job description.




Cash Flow and the 5Cs of Credit - Collateral
The 4th of the 5Cs of Credit is how much and what type of collateral the contractor will put up as a guarantee. The collateral requirements change significantly as contractors grow.
Myths and Realities of Compensation and Accountability
Today’s contractors must master the tools for effectively identifying and developing competencies in their teams. Leaders must learn from the best coaches on how to truly develop aligned teams and leverage each person effectively.
The Formula for Closing Knowledge Gaps
Here is the “magic” formula for closing the knowledge gap from where you are to where you want to be!