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3EA launches its matrix for effective performance management system, designed for SME's

ANI  |  Mumbai [India] 

3EA is the first and fastest growing Indian consulting company offering 360-degree across industries to the SMEs of and

They extended the horizon of 'Consulting' 3EA is helping entities for various solutions under one roof and believe in solving problems by innovative ways for SME's, Corporates, NGO's etc. Having a pan and presence and network, 3EA works at grass root level to create value in the of SMEs.

Some months back 3EA did a survey in districts of Central UP with regards to Growing Entrepreneurship Potential for SMEs in UP. A survey conducted in Central U.P., to assess the potential of SMEs in revealed that the younger generation of UP has shifted its focus from full time jobs to become entrepreneurs. They are trying for start-ups related to their domain and are looking

Individuals need to move with time and keep abreast of all the latest developments in their respective fields. To make the improvements in performance more quantifiable, experts from 3EA have developed their own Performance Management System (PMS) - Matrix called "3EA Matrix".

3EA identified two critical factors responsible for productivityof an employee; they are Performance against Key Result Areas (KRA's) and Behavior against Policies. In 3EA Matrix, each of the categories is interestingly defined and linked with individual development plan.

"Recognizing the need for individual control and development, we evolved the PMS matrix which will be an effective tool for SME's. A key feature of this matrix is that the performance sheet of all the employees can be seen at the end of each month. The terminology used for each quadrant (image above) is easy to relate and facilitates comprehension of an employee's standing for the month. This innovative 3EA matrix has helped several organizations," said 3EA, Dr.

The 3EA Matrix is now used by some of the industries such as FMCG, Jewelry, Geotechnical instruments, Education, Entertainment, Home Decor and etc. The main aim of 3EA is to bridge the gap between know how and actual performance. The organizations that have started using the 3EA Matrix have observed significant improvement in their employees' performance with the productivity level of employees rising by up to 38% in some organizations.

The most interesting aspect of the tool is that 3EA Matrix is equally useful for employer and employees. Employer is able to differentiate and categories the employees through nine categories on performance and behavior while an employee can work on his 'IDP' (Individual Development Plan) so that he can move from his present quadrant to the desired one and achieve his target growth.

3EA Matrix with IDP through HRMS has been applied in 18 SMEs and has been recognized as very effective tool to increase the productivity of the organization.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 16:25 IST