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Remarkably, while organizations that prioritize their employees’ performance are 4.2 times more likely to outperform their peers, only 2% of CHROs consider their performance management system effective. Over 80% of HR professionals are working to change the performance management approach at their organization, yet stories of success remain few and far between.
So, what’s the solution to this dilemma? Should we abandon performance management altogether?
In this article, we evaluate why performance management remains essential for business success, argue that current approaches are not suitable for all organizations, and show four innovative performance management approaches.
Contents
Do we still need performance management?
4 future-ready performance