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Companies in Britain are wasting as much as £32 million every year as a result of staff under-performing, new research shows.
A study by Personnel Today reveals that 96 per cent of employers quizzed admitted to having problems with performance levels, with almost a third (29 per cent) claiming that it was a major problem for their business.
In the survey of over 8000 people working in HR, it was also discovered that two thirds of HR professionals blamed line managers for poor performance, claiming that they needed to know how to "get the best out of staff".
Many respondents admitted that the preferred method of dealing with poorly performing staff was to 'manage them out', particularly in the IT, health and education sectors.
The Tough Love report estimates that tolerating poor performance costs UK businesses £32 million a year, based on an average staff of 9,000 and an average wage of £22,000, with the worst performing employees in the public sector.
David Tewkesbury, Director at Partnered Solutions commented "Many companies suffer from poor performance and this survey confirms what we already have seen that it costs companies time and money, often when they should be dealing with other things.
Engaging experts like Partnered Solutions will enable you to focus on your core compentencies while we work with you to develop, support and manage your Performance Management systems.
However, this is only half of the solution’, adds Tewkesbury; "The hard thing is to change the culture and management behind any Performance Management System to ensure a consistent approach.
This will truly help you get the best out of your people.
We have significant experience in this field and a range of Performance Management Solutions to help support most companies".
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