Now is the time for companies to rethink, rebuild, and transform their performance management processes. After all, a company's practices and policies set the stage for employee experience. One of the core and critical practices - performance management - is often overlooked and not understood as an important element of employee experience and an employee’s decision to stay and grow at a company.
Simply put, performance management practices are at the heart of how employees perceive their value. This translates to their perceptions about how their contribution and compensation are evaluated and viewed by managers. It offers them a major indicator about their ability to progress, and therefore influences their intent to stay at a company.
Download this paper to learn about:
- The importance of a flexible approach to performance management
- The four key stages of performance management evolution
- How to make progress using the "building blocks" of performance management