There is a need for straight talk to take place regarding employee evaluation and talent management. Employees are often fed up of deceptive conversations, so companies need to be direct about this. The present system puts in a lot of stress around the season of the ratings and evaluation. So, a lot of people end up working more during this period. A lot of CEOs are at present struggling to identify the right tools for performance evaluation. Instead, regular employee feedback is more valuable. This will also allow for effective management training and coaching by the leaders. The goals will then be linked to business priorities. The compensation may also be fixed around a differentiated system. All this leads to at least a perception of fairness among the employees. A positive impact may then be experienced on both the employee and organizational performance.

Source:https://www.mckinsey.com/business-functions/organization/our-insights/straight-talk-about-employee-evaluation-and-performance-management

Uploaded Date:15 June 2019