Many companies are quickly learning that traditional performance management processes are hindering their growth. In order to begin implementing an effective performance management system, it is important that companies start by instilling a culture that enables this. According to Deloitte’s Human Capital Trends of 2015, only 8 percent of companies surveyed believed that traditional performance management drove business value. Some of the best practices for implementing employee performance appraisals can be found by focusing on the following topics:
● Choosing the appropriate performance appraisal method
● Creating a culture of feedback & coaching
● Preparing for the future - ePerformance appraisals & technology
Each topic will discuss a) the importance of the topic at hand; b) how companies can start to develop best practices, and c) organizational case studies of success.