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,…

Need to Reinvent Performance Management

In recent times, many companies have begun moving away from the traditional methods of conducting performance management. Companies want to improve, but lack information around the how of implementing dynamic and innovative performance management systems. While the traditional methods worked well in the previous decades, they are not suitable for today’s dynamic work environment. It…