The Evolution of Performance Management
Over the past few years, it has become clear that traditional annual reviews have had little impact on actual performance. In fact, a 2017 McKinsey Global Survey found that 54% of respondents said their performance reviews had no positive impact on performance, and some respondents found their organization's performance management process did more harm than good. Organizations are now shifting towards new performance management strategies. Here are some changes you can implement at your own company.