Mention performance management and employees and managers will likely wrinkle their noses in dislike. This is because many don’t understand the true goal and benefits of real and solid performance management processes.

There is serious pressure for organization leaders to engage employees and hit peak productivity. In 2017, 56% of CEOs reported “recruiting and retention” as primary concerns. A company cannot function without its employees; individuals that have valuable skills and training that can take weeks, months or years to match. So, of course, HR is in overdrive, managing engagement, strategizing long-term retention plans and calculating turnover rates. While those elements of talent management should never be overlooked, leaders may take comfort in the fact that there are some positives to seeing employees go. What benefits could employee turnover possibly have?

What is performance management and why is it important? Getting managers and employees on the same page with expectations, goals and progress all while keeping the vision of your company in mind sounds like a big task. This is why having a performance management strategy is important. Check out these articles and expert tips to help kickstart your implementation of modern project management.