Modern Performance Management and Appraisal Systems in HRM
Employee performance tracking is now a shadow of what used to be the traditional system in the recent annual review changes to employee expectations and shifting dynamics surrounding workplace development, success measurement with goal-setting; followed by impostor value. Annual reviews are being replaced by more continuous, adaptable, and strategic approaches. BY SUZANNE LUCAS - Fast Company Few HR topics are discussed more than performance management and appraisal. Still, when a company manages to do something different enough in this area other companies become interested. The Shift from Annual Reviews to Continuous Feedback Previously, performance appraisals were largely conducted through annual reviews - a process that was stressful and often did little (if anything) to improve employee sentiment. They were basically retrospective performance appraisals and this promoted non-engagement amongst the employees. Today performance management systems focus on continuous feedback e...