Continuous Performance Management: the shift from accountability to development
Imagine the day when someone in a horse and buggy saw an automobile for the first time. That person must have thought, “There's a better way; I'm looking at the future.” That's the way we create things from technology to new ideas: first, we crawl, then learn to walk and finally run. In the workforce, our version of crawling was to regard employees as assets to be held accountable by stick or carrot via annual performance reviews. The iterations of how to motivate, engage, and retain employees grown and changed over the decades. Now, finally, we are taking our first steps at a run with a philosophy and practice called Continuous Performance Management.
Year-end performance reviews are increasingly no longer a best practice because they don't reflect the needs of modern workers. In one study, 95% of employees are dissatisfied with the annual review process and 90% don't believe they provide accurate information.
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The ABC's (Literally) of Goal Setting
Why business growth comes down to driving objectives and key results. Every business experiences growing pains at some point in its life cycle. This is especially true for small- to medium-sized businesses (SMBs) as they begin to achieve their primary objectives and key results. Weve seen this story play out many times before: one day youre operating a quintessential “mom and pop,” and the next youre struggling to keep up with demand.
Build your bench strength! A guide to succession planning for growing companies.
Succession planning – the process of identifying, selecting, and grooming talent for leadership – is critical to achieving your companys long-term goals. Its really a nobrainer: finding and developing leaders ensures youre always prepared for expected and unexpected talent vacancies with a diverse talent pool of ready successors. Plus, smart succession planning gives you a competitive advantage, as it takes you beyond simple replacement planning – a gamble of talent and resources – to creating individuals who are qualified to lead your company in the future. So how can organizations create training opportunities that prepare candidates for new roles and provide companies with viable succession planning options? Consider these five key steps.