Sixty-seven percent of high-performance organizations consistently apply performance management principles and practices among executives, according to a new report by the Institute for Corporate Productivity.
The study, which surveyed 1,427 participants on their organizations' performance management appraisals, common practices and technology solutions, finds that almost three times as many high-performance organizations as lower performers apply performance management processes to board members, as well.
In light of the study's results, i4cp maintains that performance management and accountability should happen on all organizational levels. Just as other employees are scrutinized, leadership's performance should be monitored, and it is important that employees know this is happening.
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