Industry Trends: Managing Employee Performance - Grace Hill
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Industry Trends: Managing Employee Performance

Posted on November 20, 2017 by Grace Hill

collection of reports and trends

Most multifamily property companies report low use of technology for managing employee performance.

A recent Grace Hill survey revealed that the majority of multifamily property companies have significant technological opportunity in the area of managing employee performance. Few participants reported using performance management software or using technology to link training to performance. These deficiencies result in the commonly reported difficulties of gathering employee data and being able to address performance issues with training.

Management System

Most property companies (60%) use only an in-person employee evaluation process to monitor their employees’ performance. Approximately half as many (27%) use a combination of performance management software and in-person employee evaluation. Very few (6%) use centralized performance management software.

Linking Performance to Training

Almost half of property companies surveyed (47%) said they do not currently link employee performance to training. Examples for how training could be tied to performance include: mandatory training based on employee performance and customized training based on individual employee needs identified in evaluation (leadership, professional development, coaching).

Pain Points

When it comes to employee performance management, the top reported pain point was “Ensuring each employee is reviewed and has a performance management conversation with their manager.” As likely consequences of low technology use, the next two most common challenges reported were “Gathering employee performance data in a systematic way across our company” and “Tying our training program to an individual employee’s performance.”

To speak with a Grace Hill rep about how our training tools can help you better manage employee performance, schedule a demo below.

Grace Hill’s marketing content team aims to create informative resources that help multifamily and commercial industry professionals elevate their performance. From blog posts and ebooks to infographics, checklists and webinars, the Grace Hill team has a singular focus: creating meaningful and engaging content that resonates with real estate professionals across the industry.  However, what makes Grace Hill so unique is the range of collective experience and collaborative spirit of its marketing content team. A group of talented writers with expertise in the real estate industry, overall management effectiveness, marketing strategy, and operational efficiency, the team provides new ideas to take performance to the next level. As a thought leader, Grace Hill's content team constantly pushes the envelope, experimenting with new resources and tools to keep industry professionals ahead of the curve.  Whether you're a seasoned pro or just starting out in the real estate industry, the content team at Grace Hill is creating resources to help you succeed. Learn more about Grace Hill on LinkedIn.

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