There is a storm brewing in Human Resources. There have been drastic changes in how the industry thinks and department function and things have beyond the traditional old age ways. From traditional recruiting to social hiring, from traditional onboarding to tech based super personalized ones. And last but not the least, Performance Management, where people have been raising voices against the age old bureaucratic systems where humans were mere numbers.
Starting from the big wigs in consulting, Information Technology, financial services, they have taken drastic changes to revamp their performance review process, to help achieve the main goal:
1. Employee Engagement & Development
2. Higher Performance
So we have created a ready reckoner for you, to help understand which company has adopted what changes in Performance Management.
Gallup: 43 % of the highly engaged employees receive feedback at least once a week compared to only 18 %
