Performance management seen as vital.

(From The Nation (Thailand))

Byline: The Nation.

Thai companies that manage employee performance well are destined to benefit from higher stock prices.

At the same time, institutional investors in Asia now view management's ability to deliver as a vital factor in influencing market valuations.

These views are contained in a report by HayGroup Thailand released to its clients this month. The report recommends that companies should hedge against macro-level political uncertainty and weakening consumer confidence by radically clarifying corporate goals and enforcing performance management strategies.

It is a question of "clarity around goals", said Supakorn Nittayananta, a consultant at HayGroup Thailand, which has operated here for more than 10 years.

The research paper entitled, "Managing Performance Through a Culture of Dialogue", advises that after …