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Category: Performance Management
The Coaching & Development Model of Management Proves Itself Again
The top issue on the minds of HR leaders today is the need to “rebuild a culture of performance” in their organizations. (From the 2009 Talent Management Factbook®, n=780 organizations). This is a clear result of the slow economy, restructuring and layoffs, and stock market drop we have experienced this year.
In response to ... Read more»
People not just Megawatts: The Vestas Story
In today’s new green (and red ink) economy, businesses all over the world are working hard to reduce operational expenses, restructure their workforce, and transform themselves into sustainable business models. I think one of the most exciting examples of a company going through this transition is Vestas Wind Systems, the global leader in wind ... Read more»
Who is your Chief Performance Officer?
This week Barack Obama appointed a Chief Performance Officer for the Federal Government, focused on assessing the performance of government programs and finding opportunities to reduce waste and eliminate low-performing investments. So who is the Chief Performance Officer in a business?
We have been studying this issue and I wrote about this topic several years ... Read more»
On the Minds of HR and Learning Leaders
We recently completed our annual research conference and I had a wonderful opportuinty to meet and talk with 15 different HR and L&D executives in a special roundtable. The theme of our research conference is The Business of Talent®, and as you will read, this theme comes through in almost every organization. Talent ... Read more»
Are you an Enduring Organization?
As we continue to study best practices in the implementation of corporate learning and talent management, we find that high performing organizations fall into two categories: those who endure and prosper over long periods of time (decades), and those who rapidly rise to prominence, then falter during a major business challenge, and often become acquired ... Read more»
Performance Management Creates Agility in Copper Mining
Last week I spoke with some of the business and HR leaders at Freeport McMoRan, one of the nation’s largest producers of copper, gold, and molybdinum. This company, which recently acquired Phelps Dodge, produces over 4 billion lbs. of copper each year, from its mines in North America, Indonesia, Chile, and Peru. The company generates ... Read more»
Five Talent Management Strategies for a Business Downturn
We are clearly entering some form of economic slowdown. Our most recent index of talent management executives (January of 2008) showed some significant changes from May of 2007: 21% greater interest in cost-reduction, 18% lower focus on product introductions, and a significant increase in focus on building new leadership (18% increase). So let’s assume your ... Read more»
Wow. Performance Management Really Matters in Retail.
As we continue to study best-practices in talent management and talk with many organizations, we see more and more evidence that top-down goal alignment and transparency truly do drive business results.
For example, we recently had an in-depth discussion with the Vice-President of HR at Bon-Ton Stores, a highly-successful mid-sized retailer which operates among the ... Read more»
SuccessFactors goes Public
Last week was a big week in the world of corporate talent management systems. SuccessFactors, one of the fastest-growing providers of performance management software, went public. The initial IPO valued the company at about $500 Million, or close to 9 times sales. This valuation is very high relative to the other companies in this ... Read more»
Social Networking: Meet Corporate America
This week I was on a panel at the Oracle Users Group discussing the needs of the multi-generational workforce. Most of the attendees (HR and training managers) were focused on identifying what their organizations need to do to attract, manage, and integrate younger workers into their organizations.
Our research clearly shows that the Millenia (20s) ... Read more»
Performance and Recruiting Management Shootout – Who Won?
Industry’s First Integrated Performance and Recruiting Shootout
This year’s shootout focused on the powerful integration (but not well understood or adopted) between performance management and recruiting including the coveted, and often elusive measure of “quality of hire. Four leading talent management suite vendors were included; Authoria, HRsmart, SuccessFactors, and Vurv had 75 minutes to demonstrate ... Read more»
HR Technology Conference 2007 – A Recap
Leighanne Levensaler and I just finished a week at the HR Technology show in Chicago. This conference represents one of the biggest meetings of HR technologists and HR software vendors each year. As always, this conference was an opportunity for most of the HR and learning technology providers to announce new products and offerings.
Here ... Read more»
The Death of the Performance Appraisal – Redefining Performance Management
Should we kill the performance appraisal process?
Over the last few years as we have studied the market for performance management systems, we have talked with dozens of HR executives and managers about their performance management process. In our discussions we find that organizations struggle mightily with the right way to craft the precise process ... Read more»
