In today's corporate world, many U.S. employers are less involved in performance management, but this could lead to workplace setbacks. An efficient performance management program helps an employer realize the full potential of its employees, and when that happens, it impacts all areas of the business, says Donna Parrey, senior research analyst at the Institute for Corporate Productivity, a network of corporations focused on improving workplace productivity in Seattle.
While most employers have performance management programs in place, the administrative tasks involved have become so bothersome that many employers are not using performance management to its full advantage, Parrey says. Instead, many are simply going through the motions of performance management.
This is particularly true when it comes to measuring the success of performance management programs, Parrey says. Rather than using reviews gathered during the performance management process to help employees achieve individual goals, many employers are measuring success by the number of completed evaluations. With that approach, an employee's potential is left untapped, and corporate goals suffer.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.