Insights

The Open Talent Economy

Jump ahead to the year 2020. Half the people you rely on don't actually work for you and that's a good thing—if you're ready.

Insights

Performance management is broken

Replace “rank and yank” with coaching and development

Companies worldwide are questioning their forced ranking, rigid rating systems, and once a year appraisal process. This is the year a new model of performance management will likely sweep through HR.

Today’s widespread ranking- and ratings-based performance management is damaging employee engagement, alienating high performers. and costing managers valuable time. Only 8% of companies in our survey report their performance management process drives high levels of value, while 58% say it is not an effective use of time.  

Leading organizations are scrapping the annual evaluation cycle and replacing it with rich, ongoing feedback and coaching designed to promote continuous employee development. How do you design your new process and how do you train and enable managers to truly coach for performance? Our research and trends can help you understand the critical importance of this fast-growing trend in corporate leadership and HR.

 


                        Take the Human Capital Trends 2015 survey

 


                        Take the Human Capital Trends 2015 survey

Meet the authors

Stacia Garr

Stacia Garr

Vice President, Talent Management research

Stacia leads Bersin by Deloitte’s talent managemen...More

Andrew Liakopoulos

Andrew Liakopoulos

US Talent Strategies Leader

Andrew’s more than 20 years’ experience includes t...More

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