Performance Management: Replacing Rank and Yank with Feedback, Coaching, and Development
September 10 | 2:00 PM ET | 18:00 GMT
Host: Burt Rea, Director - Deloitte Consulting LLP
1 Intermediate CPE Credit | Specialized Knowledge & Applications
Today's pervasive ranking- and ratings-based performance management is widely considered to be outdated and possibly even damaging. What could the next evolution of performance management look like? We'll discuss:
- Managers as coaches rather than evaluators – the imperative to separate feedback provided to employees from compensation decisions.
- Decoupling compensation from evaluations to encourage coaching relationships, and considerations for new parameters around compensation decisions.
- Practical starting points, including leadership involvement, development of flexible performance conversations, improving feedback processes, simplified coaching and evaluation processes, and providing coaching to all employees.
Explore ways to shift focus from employee evaluation to employee development and performance improvement.
Life at Deloitte
People make Deloitte one of the best places to work. What’s great about the people? That’s an easy answer. They are exceptional. Each person is unique and valued for that, among the best and brightest in the business, and takes pride in his or her achievements and the success of others.