Accountability is the willingness to accept responsibility. In recent years, it has become the key ingredient in achieving the expected performance goals in any organisation. It won’t be wrong to say that accountability has also become the driving force behind the success of many businesses.
A business encompasses various types of accountability. One important aspect is performance accountability, which holds everyone responsible for achieving specific performance outcomes. It ensures everyone in an organisation is aware of their roles and responsibilities.
But how does it impact a business or an organisation? Does it affect the employees? Let’s look into it.
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Performance accountability is about taking responsibility for your performance, delivering results, and meeting expectations. It basically includes being responsible for everything that you do and don’t. To maintain it within any organisation, there’s always a strategy that uses performance evaluation data to track performance progress.
The goal and intention of performance accountability is to improve employees’ performance to improve organisational performance. A workforce is said to be accountable when all its employees and managers are highly motivated and admit and embrace their mistakes and failures.
For instance, when working in a team, if an employee fails to deliver the project on time, he/she must propose a possible solution to keep the project on track. In that case, the project manager will oversee the project and address any issues as they arise.
Organisations with high levels of employee engagement have experienced 21% higher profitability and even 20% higher productivity than those without. These figures clearly state the importance of accountability culture in any business.
Here is why performance accountability is of great importance in any business.
When employees take responsibility for their actions, it creates a culture of reliability among team members. As everyone is equally held accountable in a team, there is no favouritism. Team members can count on each other, and even customers and clients feel confident partnering with your business.
Performance accountability comes with regular feedback and recognition, which makes any employee feel valued and motivated. Since accountability comes with fair evaluation, this culture results in better employee satisfaction.
According to research by the University of Warwick, holding people accountable for their actions improves team performance. As we see it, when we hold people responsible for meeting deadlines and delivering outcomes, they contribute positively to team performance.
Accountability fosters involvement, so everyone clearly knows their responsibilities and expectations. As a result, you have a more engaged workforce that thoroughly produces higher-quality work.
A strong culture of accountability sets expectations for everyone on the team. Since everyone knows they will be held responsible for their part, they will do it to the best of their abilities. The evaluation criteria and clear dissemination prevent biases and help balance the workloads by monitoring task distribution.
Performance management is necessary to create an efficient culture of performance accountability in an organisation. It is a systematic process designed to improve everyone’s (individual and team) performance within any organisation.
Having such a system sets the tone for accountability. Its major goal is to maximise productivity, and for that, it provides a clear framework that enables everyone to perform their best. Studies prove that organisations with an engaged workforce tend to be more productive and profitable.
Recognition and Reward Systems: Performance management systems maintain fair evaluation of employees’ performance. Acknowledging the exceptional performance of the employees further motivates them to strive for excellence.
Performance accountability helps high-performing teams stand apart from mediocre ones. Accountability is associated with an increased commitment to work since it makes everyone responsible for their decisions, performance, and behaviours. However, a strategic approach and the use of a project management system are required to see the results.
If you need help establishing an accountability culture in your organisation, I am here to help! I am that Accountability Guy with years of experience mentoring leaders of different industries. Choose me for real business progress in the long run.
All set to get my one-on-one accountability coaching? Get in touch with me.
Darren Finkelstein, The Accountability Guy®, is the founder of TICK THOSE BOXES, a specialised accountability coaching practice. Darren is a formidable international accountability coach, business advisor, mentor, and author/speaker, fostering development and measurable results in entrepreneurship, leadership, and accountability. Darren’s tale is one of perseverance, self-reinvention, and resilience.
With compelling execution, Darren has empowered high-achieving individuals and teams from Australia and New Zealand to Latin America, Europe, Asia, the UK, and the US to embrace accountability; after all, it is your superpower.
Darren’s one-on-one and group coaching programs are based on his bestselling business book, “The Accountability Advantage – Play your best game” and the latest, release “NO’ – Building a life of choice without obligation”.
Darren has an impressive background in business, having held the role of “Manager of Commercial Markets” at Apple Australia during the Steve Jobs revolution.
He enthusiastically “walks the talk,” having also successfully sold and exited his lifestyle businesses, which served as the impetus for establishing his coaching and mentoring business.
Join Darren on this transformative quest to accomplish the remarkable.
Read Darren’s full bio here:
https://tickthoseboxes.com.au/about/
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