“I love performance reviews!”—said nobody, ever.
Despite their unpopularity, most companies still conduct annual performance reviews even though 98% of CHROs admit their performance management processes are broken. Why cling to something that doesn’t work? Because many executives simply can’t imagine a better way to enhance employee performance.
Performance reviews are intended to enhance employee performance by providing feedback, setting goals, and aligning performance with compensation. While these are helpful strategies, the tool used to implement them often undermines their effectiveness, leaving employees disengaged and managers frustrated.
Instead, focus on these 3 strategies to reimagine your employee feedback! And for the full article, click here.