The four most common performance management trends – which one is the best?

How an organisation communicates with and trains employees, and your leadership buy-in are key areas that can make or break your process. A free whitepaper published by HRD in partnership with Unit4 helps leaders understand why certain performance management processes succeed and why others fail.

Download the full FREE whitepaper here: Performance Management Trends

The main reasons for organisations wanting to update their performance management process are, they want more coaching, better staff retention and they’d like to shift their company culture.

The four most common performance management processes

1. The traditional method – one or two mandatory conversations every year, yearly appraisal, and mid-year review. This approach is 10% people focused and 90% administration.
    
2. The drumbeat – three or more mandatory conversations per year. This approach is 50% people focused and 50% administration.
    
3. The hybrid model – at least one mandatory conversation per year, encouraged to have more conversations. This approach is 80% people focused and 20% administration.
    
4. The freedom approach – No mandatory approach. This approach is 100% people focused.

Research has revealed, the best way to design your performance management is by using a hybrid models. Organisations using this model, have 5 times more chance of generating added business value than those who don’t.

The hybrid model implies having a mandatory minimal process and giving people the freedom to do more. Another key finding of the research is if you have installed a minimal process, the design of the process doesn’t matter all that much. However, the awareness you create around that process – the way you communicate, the training you give and your leadership buy-in are the things that will make or break it.

Download the full free whitepaper now and gain insight into:

• Where the purpose of performance management has shifted
• The role of HR and managers in performance management
• Why choosing the right approach to performance management may be difficult
• The four most common performance management processes today

Download the full FREE whitepaper here: Performance Management Trends

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