This Month Only! >> $20 off and a FREE SHRM tote with your membership and code TOTE2018!
Sign up for free email newsletters and get more SHRM content delivered to your inbox.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Build competencies, establish credibility and advance your career—while earning PDCs—at SHRM Seminars in 12 cities across the U.S. this spring.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
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.
Please sign in as a SHRM member before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
HR Education in a City Near You
SHRM’s HR Vendor Directory contains over 10,000 companies