Why are you conducting performance reviews the same way you did five years ago?
To help improve employee performance?
To increase productivity?
To reward top performers?
To check a box?
You’re not alone. A recent survey showed that over 90% companies are still doing traditional performance reviews. So if everyone’s still doing it that way it must be the best way or the only way, right? Not exactly.
Companies that want to better engage and retain employees must shift their thinking because the standard performance review process has been proven ineffective. Instead, a process that provides continuous feedback to employees, separates compensation from performance and supports individual career development is a change that works. And it encourages your workforce to take a more active role in their performance and development.
TalentGuard’s Performance Management software was built to meet the needs of employees, managers, HR and the C-suite. It delivers a comprehensive set of tools that enable employees and managers to receive consistent and continuous feedback while helping the organization achieve higher levels of productivity and accountability. And with dynamic features like color-grading scales, you are assured that you are building a culture of development that is relevant today and into the future.
Find out how your company can change the performance management process to improve employee engagement and retention. Download our Executive Brief entitled True Colors – A Career Development Approach to Successful Performance Management.