What Effective Performance Management Truly Looks like in 2020

Employee performance management is a critical aspect of company performance. Especially during a times of economic uncertainty, communicating closely with your employees is priority to weathering the storm. Right now, many companies are administering mid-year reviews. The last few months have been a unique challenge, and performance reviews may pose a challenge as well since none of us have ever experienced pivoting talent expectations at the outbreak of a global pandemic. But the benefit of a good performance management process, is that it amenable to changing needs.

With the rapid shift in the economy over the last several months, organizations are being tested on a key survival skill: adaptability. As quickly as markets changed, and the availability of talent shifted to high supply with little demand — or vice versa depending on your industry — the potential exists for an equally rapid shift in the opposite direction over the next several months. Overall, however, the unemployment rate has skyrocketed, which means the probability is high for an influx of applicants to currently open roles, or to businesses that begin to ramp hiring in the next couple of quarters. Here are a few ways to make the adjustment while maintaining your brand and relationships in the market.

Keeping employees engaged and informed is an important part of any business, which is why Absorb, a leading provider of learning management software, strives to create the best learning tools possible. By empowering amazing learning experiences, Absorb LMS engages learners, fuels content retention, and elevates training programs. A fast-growing organization, Absorb needed to quickly implement top talent software to hire the A players that will help fulfill their mission.