Performance Management Is BrokenPosted in : HR Updates ROI on 7 January 2015
Valerie Daunt writes;
"Replace Rank and Yank with coaching development"
- Today’s widespread ranking- and ratings-based performance management is damaging employee engagement, alienating high performers, and costing managers valuable time.
- Only 8 percent of companies report that their performance management process drives high levels of value, while 58 percent said it is not an effective use of time.
- Leading organizations are scrapping the annual evaluation cycle and replacing it with ongoing feedback and coaching designed to promote continuous employee development.
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