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As organizations use performance management (PM) as one enabler of business performance and stakeholder value, this one-page reference provides five resources to help answer questions related to PM. The five questions include:
- What PM practices do organizations use (and don’t use) today?
- How can employee well-being be integrated into PM?
- What are the triggers for when employee goals might be adjusted?
- How can we mitigate bias in PM?
- How can we use PM to enable collaboration across business units and cross-functional silos?
Before digging into these five resources, start with the foundational questions: what is the purpose and objectives of our company’s PM? What is our PM trying to solve? From there, determine the PM practices that enable those goals and outcomes.
As a bonus, here is an article by McKinsey, which emphasizes the need for a “fit-for-purpose” PM design focused on four areas: goal setting, performance reviews, ongoing development, and rewards.
