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Performance development plans

So you’ve just finished with performance and 360-degree reviews and you notice one of your employees is struggling. Though some employees may take constructive feedback as a great opportunity to implement new insights into their work style, others may instead become discouraged. After giving constructive feedback what more should you be doing to help them get back on track? As a manager your key responsibility is to help your employees grow and develop professionally. The cost of hiring, onboarding and training a new employee far outweighs the cost of simply taking time to coach and develop your existing team members. Not to mention the impact firing one employee can have on the team as a whole.