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.


The performance management puzzle

Some say traditional ways of managing employee performance are irrelevant in today's fast-changing work environment. Others argue that these methods drive accountability and differentiated compensation. Both are right.


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.

Explore Content

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

More topics


Talent Strategies

Winning in the open talent economy. Learn about our services. 


Human Capital

Business-led, people-driven. Learn about Deloitte's human capital services.


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.