Traditional Performance Management approach is broken! Experts believe that old school performance management approach is inaccurate and unfair, as it limits managers and HR to a time-consuming review process and does not yield clear improvements in organizational or individual performance. It has been more about measuring employee performance to meet ranking purposes, rather than focusing […]
Human Resources industry has evolved greatly when it comes to technology and trends. The role of HR has been transformed from merely managing employee data to a strategic partner in business decision making. This transformation has brought a set of new challenges and solutions for the industry leaders and technology innovators. Each year, HR Conclave […]
According to a Harvard Business Review study, only 15% of the company’s workforce are difference makers. That means, roughly only 1 out of 7 employees is a real player! Well, the “Star” employee is not the subject matter here, it’s the remaining six! Companies face various issues when it comes to overall company efficiency, and […]
Performance Appraisals are conducted to evaluate employee performance, identify skill development needs and recognize valuable contribution of the top performers. Using a standard rating criterion in performance evaluation ensures fairness in the process. Impact of Rating Patterns of Managers in Performance Appraisals During performance reviews, every manager uniquely evaluates and scores employees on multiple performance […]
By 2020, millennials will form the largest part of the entire U.S. workforce. Reports say that millennials constantly change their jobs, if they don’t feel valued or find no career growth at their current workplace. To meet their expectations, companies are trying to figure out ways to engage and retain millennial talent. Out of many […]
Are performance reviews making any difference in your workforce productivity? Is it even effective in optimizing an employee’s performance? Not sure? You’re not alone! Ideally, performance review is a systematic process to evaluate and document performance of an employee. If an appraisal process is designed and implemented carefully, it can help managers and HR to […]
CFOs estimate that ineffective performance management processes result into thirty percent loss of company’s performance potential. And only 8% of organizations drive high value from these processes. In Brandon Hall Group’s 2016 Performance Management study, 72% of organizations found their performance management process to be “some – what effective” or “not at all effective”. [Source] […]
Gallup, through their research found that only 31.5% of U.S. employees and 13% worldwide are actively engaged in their jobs. Lack of engagement and low productivity cost up to $550 billion every year to the employers. People are an important asset to an organization and managers can get the best out of these people by […]
Is your team facing challenges in achieving performance goals? Are your team members aware of the skills and behaviours desired in an organization? If so, a 360 Degree assessment can be a powerful tool to bring positive change within your organization. 360 review or multi-rater feedback as it’s commonly known, solicits feedback from multiple sources […]
The role of a manager has always been demanding and ever evolving. Managers enable their team members to achieve their goals, maintain high levels of productivity, and ensure a focused and aligned effort. Multiple responsibilities and continually changing workplace trends, make the work of a manager more challenging than that of an employee working for the […]
Organizations use employee performance appraisal as a tool to determine the effectiveness of employee goals and provide feedback against these goals. Employees’ performance is an essential factor in an organization’s ability to meet its objectives. Appraisals often cause stress, anxiety and dismay amongst employees. It is one of the most dreaded tasks that employees and […]
2016 was an exciting year for human resource industry. HR saw major transformations in several HR practices, starting from annual performance reviews to overtime rules, from people analytics to effects of Trump’s administration. All these changing trends kept HR professionals busy throughout the year. We have just stepped into the year 2017. It’s time to […]
Why is it important to redefine performance management? Because, it can give us a better way to manage employees, improve their productivity and increase overall organizational effectiveness. According to Josh Bersin, only 8% organizations believe that their performance management process is worth the time they put into. Deloitte found that many organizations were struggling to […]
2016 has been an unprecedented year in the area of employee performance management. HR leaders are choosing year-long, data driven performance evaluation over employee metrics. Annual appraisals have failed to deliver the desired outcomes and companies no more find them effective. As already stated in one of our previous posts Why U.S. Companies Are Losing […]
Hitting a target that you can’t see isn’t cool. Did you hear that? To achieve your aim, you need to focus on your goals and objectives! Do managers in your company use goal setting and tracking effectively to ensure organizational and employee performance? I am sure only half of you would answer a ‘Yes’! This […]
Recently, the news of Adobe, SAP, Microsoft and other Fortune 500 companies eliminating annual performance reviews has been doing rounds in the HR world. The traditional annual performance appraisals are fundamentally flawed with unclear employee goals, irregular feedbacks and no employee recognition programs. It’s true that these once-in-a-year assessments do not improve employee performance, and […]
Go on the Google search bar and type “Performance Reviews”, you will come across several stories of multinational companies eliminating annual performance reviews. A report published by Bersin by Deloitte stated that, only 8% of companies in their survey reported their performance management process drove high levels of value. 58% felt their process was not […]
When performance feedback is collected from all the people included in an employee’s work circle, it is said to have a well-rounded multi-rater performance review. In 360-degree feedback process, an employer seeks feedback from multiple sources to get reviews on an individual’s behavior and performance. Employee performance feedback is a well thought process to evaluate […]
A performance appraisal is a periodic evaluation of employees’ performance. An effective appraisal process encourages continuous feedback, training and praise to nurture workforce. Before you go further, take a look at how John is appraised in a manual appraisal process. “John is an intelligent and hard-working software developer in a mid-size organization. In the absence […]
Good spirit, strength and success of a true achiever lie in prudent goal setting. ” Walt Disney needs no introduction. Do you know he was rejected from his first job (or I should rather say fired) because his supervisor claimed that he lacked creative imagination? Not only this, but his idea of opening theme park […]
