Changes in the workplace and workforce are disrupting performance management practices.?And for a good reason.?
Two forces are creating immediate disruption to what has traditionally been called “performance management” — changing to something better described as “performance development.”
- Organizations are discovering that their current performance management systems aren’t yielding the ROI they assumed. Just one in five employees strongly agree that their company’s system motivates them. Large organizations spend tens of thousands of hours and tens of millions of dollars on activities that not only don’t work but also drive out top talent.
- The future of work is being shaped by extraordinary changes in technology, globalization, and overwhelming information flow. Workers are asking for something different. They want a coach, not a boss. They want clear expectations, accountability, a rich purpose, and especially ongoing feedback and coaching.
According to a recent study by Gallup,
- Only 2 in 10 employees strongly agree that their performance is managed in a way that motivates them to do outstanding work.
- 30% of employees strongly agree that their manager involves them in goal setting. Employees whose managers involve them in goal setting are 3.6x more likely than other employees to be engaged.
- Only 21% of employees strongly agree they have performance metrics that are within their control.
- The purpose of performance management is to improve the quality of work, productivity, and other business outcomes, but traditional approaches have consistently fallen short.
?Download this paper to learn:
- In-depth research on why traditional performance management practices are faltering.
- Insights on how to improve performance management.
- The expectations that today's employees have regarding their workplaces.
- How organizations should create a culture of performance development.
- Why and how managers can shift from being a boss to being a coach.
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2 年Thank you Subramanian for sharing so generously about relevant topics.
Founder & CEO at ARYAANYA PMC | Transforming Visions into Reality As the founder of ARYAANYA PMC, I lead Ahmedabad's premier project management consultancy with a passion for transforming visions into reality.
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