Optimising Performance Management and Employee Development for a Fintech Company

COMPANY SIZE

21-100 People

INDUSTRY

Fintech

SERVICE OFFERED

HR Advisory, Learning & Development

Company Overview

Our client, a company that drives customer loyalty through micro-savings, needed our expertise to improve its performance management framework, conduct a comprehensive skill audit, and develop customised training plans for its employees. Additionally, the organisation required a well-defined organistional structure and streamlined business processes to support its growth.

The Challenges

The company’s lack of a structured performance management system and undefined career development framework created significant challenges:

  • Inconsistent Performance Evaluation

Performance tracking was subjective and it led to misalignment between employee contributions and business goals.

  • Limited Career Growth Opportunities

Employees lacked clarity on skill development and career progression which resulted in reduced engagement and higher employee turnover.

  • Skills Gap and Training Inefficiencies

The absence of a structured skill audit and learning roadmap made it difficult for them to identify competency gaps and provide targeted training, leading to low productivity and underutilisation of talent.

  • Operational Inefficiencies

Poorly defined organisational structure and business processes hindered collaboration across departments, slowing decision-making and overall performance.

Our Solution

We addressed our clients needs by conducting an in-depth analysis of the company’s strategic goals and operating model. We focused on:

  • Performance Management System: We developed a well-detailed framework of measurable KPIs and performance metrics that led to a 30% improvement in employee performance tracking and the creation of clear performance policies aligned with business objectives.
  • Skill Audit & Training Plans: We conducted a detailed skill gap assessment, mapping competencies to each role and designing customised learning journeys, resulting in a 40% increase in employee engagement with training programs and a 25% improvement in role-based skill proficiency.

Organisational Structure and Processes: We redefined the company’s organisational structure and business processes, increasing operational efficiency by 35% and improving cross-department collaboration.

The Result

Our interventions led to:

  • A 30% increase in employee clarity on career paths reducing internal role confusion.
  • A 50% improvement in management’s ability to monitor, manage, and measure employee performance using the new framework.

 

The Impact

Stronger alignment between individual employee goals and company objectives, driving a 20% boost in overall productivity.

Take Your HR Strategy to the Next Level

Are you facing similar HR challenges? Our expert advisory services can help you enhance retention, engagement, and overall business performance. Let’s transform your workforce today!

 

Email: info@protenintl.com 

Telephone: (+234) 901 278 1155

Website: www.protenintl.com 

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