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Newsletter Article

Member Benefit

Your Performance Management System Needs to Evolve

Published Mon May 01 2023

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Let’s face it. The workplace is changing rapidly. This means traditional performance management systems aren’t as effective as they used to be in today’s modern offices. Forward-thinking organizations are adapting to the changing needs of their employees. Legacy performance management systems, which rely on annual performance reviews and ratings, are often considered unfair and do not accurately reflect an employee’s performance. The traditional approach to performance management is not aligned with today’s dynamic and fast-paced work environment. Organizations must adopt a more agile and continuous approach to performance management, where feedback is given in real-time and employees can develop their skills and grow in their roles. This approach involves regular conversations between employees and managers and focuses on the employee’s strengths rather than weaknesses. This approach will positively affect employee engagement in the performance management process, where employees are actively involved in setting their own goals and have a sense of ownership over their own development. Organizations can improve employee engagement and performance by adopting a more agile and continuous approach to performance management and, ultimately, drive business success.

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