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The State of Performance Management 2018: Gleaning new insights on best practices
An effective performance management (PM) process is indispensable for organizations. Although it is difficult to run a competent PM process, some organizations are up to the challenge. Check out exclusive research conducted by HR.com.
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An effective performance management (PM) process is essential for all organizations. Although it is difficult to run a perfect PM process, some organizations are up to the challenge. To understand why, HR.com conducted a study with two primary goals in mind (1) to discover what most organizations are doing around performance management and (2) to discover what particularly successful organizations are doing differently. To know how this may apply to your organization, we invite you to read HR.com's exclusive state of the industry research report, The State of Performance Management 2018, which includes key insights and 6 key takeaways.
An effective performance management process is indispensable for organizations. Although it is difficult to run an effective performance management (PM) process, some organizations are up to the challenge. To understand why, HR.com conducted this study with two primary goals in mind.
As a vendor of performance management software for the last 14 years, we speak with dozens of HR Pro’s every day to discuss their performance review pains and challenges. No matter how it’s worded, we have found that ALL headaches are caused by deficiencies in one of 3 categories – the 3 main P’s of performance management: Purpose, People and Process.
It’s a tumultuous time to be a consumer-facing brand, especially one that overlooks its people in the name of growth and the bottom line. Failure to make employees feel heard and valued has led to extremely public fiascos for a number of once-darling brands (you know the list… and it’s growing!), leaving the rest of us to theorize what would have happened if they’d just listened to their people from the get-go.
Feedback is a skill! All great performance is shaped by good feedback, but how we deliver that feedback may impact our future ability to influence others in a positive way. Great leaders are intentional about how they deliver information about performance and realize the effective feedback is an essential skill for leaders to learn and develop others to higher levels of excellence.
With a new generation entering the workforce employee appreciation is on the rise. But, millennials aren’t the only ones wanting a little more recognition and engagement. In a survey, when asked what leaders could do more of to improve engagement, 58% of respondents replied: “give recognition.” These two aspects truly go hand-in-hand, and a vast majority of employees want them. So, what can you do?
Sharing negative feedback is a tough responsibility for managers. It’s never easy to look someone in the eye and tell them they didn’t meet the expectations you have for them.
Employees are the most important asset a company has. They do all the little things that add up to make a business successful. And because employees do so much for the company, it’s important the company does what it can to keep them happy, comfortable, and productive. The average person wants favorable compensation and great benefits, but the feasibility of work perks differs from organization to organization.
While negative feedback can be hard to take, employees who are willing to share their genuine thoughts like in the example above can be invaluable resources for improving your organization. After all, the core purpose of an exit interview is to gather honest feedback that your organization can then use to make changes and improve the employee experience.