Performance management for small businesses, why they need it badly

Performance Management is a ‘Business Process’ and not just a people process. And therefore whether a business is small or a multi-billion dollar organization, it’s an essential business process for any size of business. Diversity in large corporations, necessitates them to formalize these systems for fair, consistent and effective results. Small businesses on the other…

Using predictive analytics in talent management

Your workforce represents your company’s largest expense, its top differentiation and its greatest risk. It is very important that they are delivering at peak performance all the time to ensure that your company is able to achieve its objectives. Here’s how workforce analytics and predictive analytics can help ensure that you are able to keep…

How millennials are reshaping Performance management across organizations

If you are born after 1994, you are a ‘millennial’! By the year 2030, this millennial talent will comprise nearly 75% of the workforce – which means that their career aspirations, attitudes about work, and knowledge and usage of technologies will define the culture of the 21st-century workplace. A generation with a completely different worldview,…

Performance management systems – why small businesses need it badly

It’s pretty incredible how often you hear managers complaining about their best employees leaving, and they really do have something to complain about—few things are as costly and disruptive as good people walking out the door. Managers tend to blame their turnover problems on everything under the sun, while ignoring the crux of the matter:…

Are annual appraisals still relevant?

Recent studies have shown that not only is traditional performance appraisal viewed as an unnecessary evil, it is also proving to be insufficient to analyse an employee’s true worth. Majority of the population seems to cringe at the mere mention of the phrase performance appraisal. Annual appraisal is a major component of traditional performance management,…