50+ Tips to Implement Modern Performance Management Fast

Performance management is a vital part of the employee experience. When done correctly, performance reviews should motivate employees to improve their performance by providing a consistent way to assess and select employees for promotion, transfer or alternate actions. According to a recent survey, 82% of employees appreciate receiving feedback, regardless if it’s positive or negative. But when bias comes into play or an employee enters the process ready to battle any constructive criticism received, performance management of the people can hinder the performance of the organization.

You’re at a point in your leadership when you’re ready to ask, “is our performance management system actually performing?” Your organization is unique and the way you build your processes and assess new systems should be just as unique. What’s important to your company’s performance might mean squat to another team. With upwards of 60 performance management systems on the market, it’s overwhelming to visualize which systems collaborate the most with your company-specific performance goals.

Performance management is an essential part of employee development and company success. It takes careful planning, tracking and analyzing to help employees achieve their goals. An employee gets hired because a hiring manager believes they are the best person for the job; the expectation is not that an employee will fail. Unfortunately, performance doesn’t always go as planned.