According to the latest Deloitte Global Human Capital Trends survey, there’s one area in which organisations are failing significantly – and their leaders know it: Performance management.
Of the 3,300 business and HR leaders surveyed, incredibly just 10 percent believed that their performance management processes were a good use of time. The great news from the survey, however, is that more organisations are changing their approach to performance management, with fantastic results.
Indeed, 75 percent of respondents recognised that performance management an “important” or “very important” issue overall – it just needs to change. So where is it all going wrong?