When it comes to performance, candor carries the day, says Jack Welch, famed ex-CEO of GE. If you perform well on your review, you get a raise. If you perform poorly, you get yanked. This frank approach was the inspiration for GE’s annual review system, often called “rank and yank” for being so systematic, and oftentimes, brutal.
Earlier this year Apple CEO Tim Cook stressed the importance of succession planning as a priority for his organization. In the face of an unprecedented skills crisis, employers must follow his lead to thrive.
Assessing candidates and employees objectively based on skills not only helps companies fill positions to achieve business results, it extends fairness in the workplace that can end gender, diversity and inclusion, and pay equity gaps. Setting aside bias with a purely objective, data-driven comparison of skills helps everyone.
The talent shortage shows no sign of abating. New research from IBM Smarter Workforce Institute found that over half (51%) of all HR professionals say they are struggling to fill open jobs some of the time and over one third (35%) state they ‘very often or always’ experience difficulty filling positions.
What makes a performance management model most effective? Incorporating continuous feedback. That isn’t news. But understanding how to successfully incorporate continuous feedback into an updated performance management model is.
Today’s employees want plenty of opportunities for growth. Learn how mentoring can help drive performance and help achieve the goals they’ve set.
Improving employee engagement is a critical challenge that companies face but with the right processes in place the results are achievable. In this infographic, join the expedition of Mission: Employee Engagement and learn how to launch a successful career pathing initiative as quickly and efficiently as possible. Prepare for launch!
Career pathing programs not only boost employee engagement but when implemented effectively, they’re also drivers of organizational success.
Creating a Career Pathing Program Employees Want to Use Employees value growth and development in their careers, and career paths are one of the most effective ways to support employee goals and increase retention. However, while 70 percent of employees will leave their jobs if they perceive a lack of development, many companies still don’t…
Career development is crucial to a positive employee experience. Today’s employees crave new challenges and learning opportunities. Read more to learn…