The Changing Face of Performance Management

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With the ‘Great Resignation’ impacting organizations in a significant way, managing, developing, and motivating employees through performance management has become more critical than ever before. And with the evolving workforce trends, traditional performance management is being replaced by continuous performance management. Organizations today are realizing that it is all about creating new processes that enable great employee performance while making the experience of work more rewarding.

In the July edition of Talent Management Excellence, we have handpicked a few articles that focus on modern performance management programs, the future of performance management in 2023, redefining employee experience, and much more.

Also included is a research study, The Future of Performance Management 2022-23 by the HR Research Institute, which investigates the capabilities, goals, and challenges of the PM processes today.

A great way to think about the difference between traditional processes and modern approaches to performance is that it’s an intentional move away from “management,” which implies control and hierarchical intervention, toward “enablement.” How can companies drive better performance, increase employee engagement and improve employer net promoter scores? Betterworks' Jamie Aitken, in his article, It’s Time To Rethink Performance Management, talks about the relevance of putting employee experience and performance at the center of everything.

Will performance management trends fundamentally change the employee-employer relationship? Can different methods and tools help businesses keep their best people on board? Leaf Home's Sean Loboda in his article, The Future Of Performance Management, puts forth some current performance management trends to weigh the pros and cons.

While there isn’t an instant solution for increasing enthusiasm, focus, and initiative, there are steps any leader can take to improve team performance and orchestrate success. Business Training Works, Inc.'s Kate Zabriskie talks about that in her article, Accelerating Performance: Seven Steps For Promoting Employee Engagement.

While most organizations have relied on performance evaluations and other historical data to identify the talent they want to keep, forward-thinking HR groups are turning to an emerging toolkit that relies on new technology: Big data and data science. For more insights into this topic, read  Denise Leaser 's (GreatBizTools, LLC) article, The Great Resignation Or Forced Resignation?

In brief, this issue of Talent Management Excellence explores various talent management strategies and tips to navigate the new workforce. 

We hope you find the articles in this issue informative and helpful and, as always, we welcome your valuable feedback and suggestions. 

Happy Reading!
 

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