Not a Member? Get access to HR news and resources that you can trust.
HR professionals share their advice for minimizing worker stress and boosting retention.
Is your employee handbook ready for the changing world of work? With SHRM’s Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Virtual SHRM-CP/SHRM-SCP Certification Prep Seminars kick off September 12 and fill up fast!
Expand your influence and learn how to become an effective leader. Join us in Phoenix, AZ | OCTOBER 2 - 4, 2017
Throughout 2014, Deloitte found companies struggling to fix an overly complex, unhappy performance management process to make it simpler and to put more focus on development. Sadly, Deloitte’s Global Human Capital Trends 2014 report found that only 8 percent of surveyed global organizations believe their performance management process is worth the time they put into it. The race is on to change that.
How did many current processes suddenly become obsolete? For one thing, an influx of younger workers and heightened demand for skills has made it increasingly important for companies to focus on coaching and development. For another, teams are often led by team leaders (as opposed to managers) and work in a cross-functional way, making traditional manager-led evaluation limiting.
Also contributing to the peer-to-peer dynamic is the fact that social tools now let people share goals, recognition and work-related information in a transparent way.
Finally, numeric ratings, rankings and formal evaluations without positive feedback may create a culture of reduced performance, according to new research on the neurology and psychology of work from David Rock, director of the NeuroLeadership Institute.
In 2014, more than 70 percent of the companies Deloitte surveyed for the Global Human Capital Trends 2014 report were re-engineering their performance management process, and in 2015 more companies will likely follow suit.
Several important issues should be addressed as you take on this highly strategic project:
Josh Bersin is the principal and founder of Bersin by Deloitte, a research and advisory consulting firm in enterprise learning and talent management.
Back to Overview of Predictions
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
CA Resources at Your Fingertips
SHRM’s HR Vendor Directory contains over 3,200 companies
[/_catalogs/masterpage/SHRMCore/Main.master][Title][SHRM Online - Society for Human Resource Management]