The key elements of HPW include measures to improve:
Employee commitment and motivation through effective appraisals, goal setting, feedback and reward.
The opportunity for staff to utilise their skills through good job design, team working, employee involvement and good communication.
The capability of staff through effective recruitment, retention, training and development practices
The ability of the organisation to innovate, learn and adapt to change, and become more vigilant and agile in dealing with future opportunities and threats
Business Benefits of High Performance Working
Research evidence accumulated over several years, has shown significant business benefits from adoption of HPW practices. These are:
Organisational performance - demonstrated using a wide variety of financial and success measures.
Innovation - the generation and implementation of new product and process ideas, enabling a business to continually stay ahead of competitors.
Recruitment and retention - the ability to attract and retain the best people.