The market for online performance management software has been fascinating. For more than a decade vendors have been building new tools to enable goal management, check-ins, feedback, and alignment. And now we’ve added surveys and feedback to the mix.
Tagged: Performance Management
We’re in a tumultuous business cycle and everyone is concerned about performance: the performance of our company, our teams, and ourselves.
And in the midst of this pandemic, we are ever more concerned with wellbeing, resilience, and growth. How can we best stay productive at home (or at work) when there are so many uncertainties?... Read more»
I’ve been watching US Labor Productivity data for over a decade and for many years after the 2008 meltdown found it lagging. We struggled to rebuild our companies after the financial crisis and many of the new “labor-saving” ideas (digital tools, organizational transformation, automation) were not increasing output per hour worked. In fact, labor productivity ... Read more»
There’s no question we’re going to spend a lot of time in 2020 talking about the Future of Work, I’m getting asked about it constantly.
As I get ready to publish our prescriptions for the year ahead, let me mention the important topic of performance and rewards, because they are essential to the way people ... Read more»
The market for leadership development solutions is enormous: more than $14 billion is spent by corporations and there are more than 70,000 books and videos on the topic. When we ask companies about their top talent issues, “improving our pipeline of leadership” always comes out near the top. (As of the last year only ... Read more»
I can’t tell you how many meetings I’ve had talking with companies about changing their performance management process. Going back to 2015 articles were written by people like Marcus Buckingham and Ashley Goodall (both personal friends), and many others about the need to change year-end ratings, implement regular feedback practices, and reduce the power of ... Read more»
As I described in an article a few weeks ago, innovation in performance management reigns. The annual appraisal is going the way of the dinosaur and almost every company I talk with is focusing on continuous conversations, agile and transparent goals, and new culture-based models for coaching, career development, and skills improvement. The big ... Read more»
One of the most fundamental and difficult parts of management (and HR) is how we do performance management. As I’ve written about for years, this is a highly strategic process in companies and it has gone through a huge transformation. What used to be an annual year-end appraisal has now become a whole plethora of ... Read more»
In the last year many of our research members and clients have come to us for help in restructuring their HR or Learning & Development organizations. There have been three major forces at play here.
1. Reducing costs: In nearly every industry organizations are going through restructuring, mergers, or other cost-cutting efforts. The HR department ... Read more»
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»
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»
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»
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»
Yesterday Taleo, one of the largest providers of online recruiting and applicant tracking systems, announced its long-awaited performance management system. As we have been writing for nearly two years, it is about time someone started to rethink this problem. The system is built on a whole new metaphor for user interfaces, giving the manager, employee, ... Read more»