For many years, annual performance review was a key essential tool that had been useful in helping employers track performance, guide employees and reward achievers.
In 2016, companies started to challenge their views on annual performance review. Many organizations had decided to abolish traditional performance reviews and reassess their practices.
So what is the new alternative approach to performance management? How do you optimize the performance management process? According to AchieveForum’s article “Performance Management that Matters”, performance management works best when it supports striving rather than keeping score. To do performance management in a way that really improves performance, AchieveForum suggests making changes at these three critical points:
- Increasing Managerial Skill at Coaching
- Increasing Individual Skills
- Increasing Organizational Support
Download the full article to learn how to create a new ecosystem of performance management that will optimize both individual and organizational performance.