Organizations with a high-impact, effective approach to performance are 1.4x more likely to meet their financial targets and nearly 5x more likely to manage change effectively.
Unfortunately, research has shown that 95% of managers are dissatisfied with performance reviews, and only 13% of employees find the performance review process useful. It’s clearly time that organizations evolved their performance management process, yet overhauling the entire process at once is both daunting and extremely difficult.
That’s where an agile approach to performance management comes in. Rather than rebuilding everything at once, you can make meaningful changes over time – ultimately empowering your organization to improve responsiveness, adaptability, and execution, even in times of unexpected change.