The Next Step In Performance Management Is to Be Comprehensive

The Next Step In Performance Management Is to Be Comprehensive

In past years, annual performance reviews were deemed necessary to ensure fair labor practices and standardizing pay and performance. However, in recent years, research has revealed that these processes are time consuming, discourage employees, and deter honest conversations. Employee performance practices must change to reflect today’s evolving workforce. Annual performance reviews are no longer effective in a fast-paced workplace where employees desire on-going feedback and flexibility – and where retention and engagement are vital to remain competitive.