Performance management has now become an integral part of human resources and organizations worldwide are exploring metrics to evaluate this. The general trend especially in IT and management consulting firms has been to focus more towards the developmental aspects rather than the traditional coercive ranking methods followed. Thus PwC, which is one of the leading players in this space, explored for the entire consulting industry ways to modify the performance management techniques. Also innovations are to be identified so that personnel can be shaped to be able to implement such disruptions. The working age group has now increased thanks to longer life spans and a resulting delayed retirement age, thus such changes ought to be incorporated at this point.

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