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Similar to how a performance review evaluates employee performance and potential, an organizational assessment helps leaders understand how the business is doing. This is important, especially given that 20.4% of businesses fail within a year of opening, 49.4% within five years, and 65.3% within 10 years.
Understanding why an organization succeeds or fails requires looking into every aspect of the business. This offers insights into how the organization can build resilience, adapt to change, and prepare for the future.
This article explains what organizational assessment is all about, HR’s role in it, and how to conduct one.
Contents
What is organizational assessment?
Why organizational assessment