Performance Management Practice [Infographic] How organizations are running their Performance Management process and the various factors they take into consideration.
Type of rating scales used by organizations 2% 51 % organizations say that effective Performance Management is their top priority. Traditional Performance Management processes result in low employee engagement and organization branding.
6%
6%
19% 67%
5 Point Rating Scale
4 Point Rating Scale
3 Point Rating Scale
6 Point Rating Scale
10 Point Rating Scale
What key performance criteria do organizations assess?
Frequency of Performance Management Activities
Feedback/Coaching
Individual Performance Evaluation
Reward and recognition
66 % companies use multisource 360 ratings for their high potential employees as assessment method. 40 % of millennials said that feedback received during annual reviews is vague.
Performance Management policies are driven by an organization’s culture. Technology can only make the process effective. More than 50% of companies who don't have automated systems are now moving to get Performance Management solutions. Sources : http://go.globoforce.com/rs/globoforce/images/SHRMWinter2012Report.PDF https://www.yourerc.com/assets/ce/Documents/survey/research-studies/14-Performance-Management-Practices-Survey.pdf
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