The white paper aims to help boost productivity and performance management in the workplace.
It provides an overview of performance management and its benefits, as well as eight ways companies can make performance management work effectively in their business.
The paper also covers common errors to avoid when assessing performance, learning to give effective feedback, building dignity and respect into company culture and managing poor performance fairly and lawfully.
Christopher Greenough, commercial director at Shrewsbury-based Salop Design & Engineering said: "Managing performance at work is a big piece of the productivity puzzle for SMEs-how to maintain focus and improve where needed can make the difference between success or failure.
“Part of this is skills and how to maintain morale and train existing members of staff while bringing in new skills to bolster the team. And while upskilling the existing workforce, you must never lose sight of developing the next generation though apprenticeships. “
Martin Strutt, consultancy director at EEF, added: “Performance management is an important piece in the productivity puzzle, which is why we have published this handy guide.
"UK manufacturing already has a great story to tell on productivity, but companies always know that they could do more.
"With the right information and support at their fingertips they should feel encouraged and supported to explore new techniques so they can stay ahead of the curve.”