How important is business performance management in a workplace?
According to a recent survey conducted by Deloitte Touche Tohmatsu Ltd., 71 percent of more than 3,000 businesses and HR leaders said they had either already updated, or were in the process of reviewing their performance management practices. Most indicated the biggest change would be simplifying work methods for employees.
The most apparent changes these leaders said they would make include: providing ongoing professional development, building their strengths, and setting agile, team-centric goals that shift with business priorities.
These changes are beginning to highlight a shift between an old and new leadership style. Before, managers would often schedule annual or quarterly meetings to discuss employee progress, happiness, any issues etc. Now, these leaders are instead trying to support their employees through managing day-to-day needs.
Research from the HR council has found that performance management includes: Continue reading