What is a team performance plan and does your business need one?

by Tom | Oct 01, 2021

time icon 3 mins

Implementing and sticking to a team performance plan can help to invigorate employees, improve motivation and boost productivity. Businesses are nothing without the power of people and managing teams remains one of the aspects of success companies find the hardest to get right. It’s easy to see why people can make or break a company – and guiding and supporting them in a way that ensures they’re working to their full potential can be difficult.

 Team performance plans (also known as performance management strategies, or a team performance improvement plan) are one of the many tools businesses can use to better manage and support their employees to perform better and remain more productive. New to team performance plans, or want to learn more about developing a team performance plan for your business? Let’s dive in.

What is a team performance plan and what do they include? 

A team performance plan does what it says on the tin – it outlines a structure and roadmap to help enhance and improve team performance. Team performance plans can be implemented right at the beginning when new teams are being formed, or to aid improvement where teams are underperforming or struggling to reach their full potential.

A team performance plan includes areas where improvement may be needed and objectives, along with guidance and helpful suggestions and planned check-ins to monitor progress.

Examples of team performance plans 

As with all business planning tools, looking at examples of team performance plans can provide inspiration and help you to get the wheels moving on your own plans. These basic examples outline the characteristics of a common performance plan: 

  1. A plan to address poor performance, outlining expectations and suggestions to support meeting those expectations, along with a clear schedule and consequences should those not be met. 
  2. A plan to help a sales team achieve record sales targets over the next 6 months, setting out the roadmap to achieve this through a timeline with suggestions and plans at each step of the way. 

These examples of team performance plans can form the blueprint for your own, as you apply your own unique situation to the template. 

The benefits of developing a team performance plan

As you might have guessed, there are numerous benefits associated with developing a team performance plan. Some of the main positives include:

Morale boost – When employees feel valued, supported and invested in, they perform better. Knowing they are backed by a structured plan helps them to feel motivated and free to be productive, heightening trust and engagement.

Supports team development When you want to develop and promote employees, having plans in place can help you to identify who may be able to progress in their role or where employees may be ripe for a leadership position.

Highlights training needs As your performance plan plays out you’ll clearly be able to see where more training and support is needed – so you can efficiently channel resources there.

Improves employee retention When employees enjoy their roles more as a consequence of the benefits above, they are more likely to stay within your company and want to progress in their role with you. 

Using OKRs to execute your plan 

OKRs lend themselves perfectly as a tool to help as you develop and implement team performance plans within your business. To use OKRs to help you bring about positive change and enhanced productivity within your teams, start by establishing the overarching goals within your plan. Then break each goal down in turn, allowing your team to build on their successes step by step and learn from any stumbling blocks or shortfalls. 

Where does TBG come in?

At TBG we’re passionate about helping businesses to implement solid structure and planning to bring about positive change. If you need tailored support to implement team performance plans have a chat with our giants – they’re ready and waiting to help you take your teams to the next level using our signature blend of OKR techniques