Leading market research agency Wakefield Research partnered with Continuous Performance Management™ software provider BetterWorks and conducted a study among 500 HR executives. After the study, they concluded that over 81% of the executives are either in the process, or will soon, change the methods of performance management.
“There has been a growing movement for organizations to abandon the annual review process, which quickly created the disillusion that better, more frequent systems were already up and running. We launched our survey to determine where the majority of companies stand in their performance management overhaul journey. It’s clear that while the industry is moving in the right direction, there is more work to be done,” said Kris Duggan, CEO of BetterWorks.
Here as an infographic on the key considerations for performance management that can help gauge whether your systems are currently up to date or need updating:
Megha Shah for TechFunnel.com