MANAGING in the

NEW WORLD

The handling of performance management is one of the key drivers to any company’s growth. HR systems after much resistance are ditching the traditional ranking systems and instead using business analytics powered using employee performance data to make evaluations. This helps the leadership to understand what really drives performance and employee motivation. Employees however, are generally still not satisfied with the systems. They feel that these evaluations are merely box-ticking measures, and there is a disconnect with their work. Feedback systems do not have validity with fairness missing in them. In order to take the first steps towards fairness, transparency must be shown in linking employees’ targets to business priorities. Management training sessions must be held specifically for the team leaders so they may hone their coaching skills. Standout performances need be rewarded.Goals must never be static but adaptable to the present needs.

Source:https://www.mckinsey.com/business-functions/organization/our-insights/the-fairness-factor-in-performance-management?cid=eml-app

Uploaded Date:23 June 2018

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