In my previous post [Link to Post], we talked about the importance of differentiating employees’ performance measures based on their importance, in order to produce more accurate scoring within your performance management system.
Transforming your organization towards being more efficient and effective is the main drive for improving how you run your business. If we assess how well an organization is running its business, we’ll see that there’s always room for improvement, especially in this day and age of technological advancements where we rely on systems and apps to do things in an easier and much better way.
Want to digitally transform your organization?You might think digital transformation consulting services are the right way to go… But think again.After all, there is a much more cost-effective system that will help your organization adapt much faster and give you a competitive edge.
It is January 2019 and like many an optimistic person, IT companies like us make up their own list of resolutions. Much like the ‘lose more weight – eat better – exercise more – be healthier’ resolution for millions around the world, the same resolve pops up annually for us– without fail – but in different shapes and forms. Our recurring promise to ourselves has always been “this year we will build/launch/promote/update our intranet”. This promise appeared at the top of the list every year – except for the last two.
In a previous post on the 3 Myths About Performance Management, we discussed the Symmetry Myth, where performance specialists tend to measure everything equally because they see every single measure to be very important. Therefore, they evaluate all measures with the same effect on the employee’s performance score. In other words, all performance measures are given equal weights.
In the normal scenario involving the supplier receiving the invoices, the former is usually given the priority to submit invoices to initiate the process of aging. By handling the invoice manually, as per the cases that were discussed previously, the suppliers were under the impression that the thirty or sixty days of payment term will start from the time they turned in the invoice. In addition, the supplier will be willing to pay regularly because the sooner they submit their invoice for aging, the sooner they can receive their payment.