Introduction Organizations worldwide endeavor to implement a robust and fair performance review system to evaluate and steer their employees towards continuous improvement. The objective of any performance management system is to provide employees with developmental feedback to help them contribute to the organizations growth, to improve or build upon their skills and to eliminate behavioral...
Introduction A traditional performance management system uses annual appraisals for each individual employee. Annual performance management can be highly stressful experiences for both the employee and their manager. While employees are under pressure to present themselves well, managers have the difficult task of carrying out appraisals without causing too much disruption to daily tasks. Managers...
Traditional performance management is always been a fear-based approach which emphasizes more negatives as compared to positives. While many aspects of modern performance management have helped reduce those challenges, others have created new ones. The guiding principle of traditional method has been individualistic whereas modern approach is organization oriented. The traditional method runs on an...
Technology has shaped every part of our lives including the Human Resource department. Automation, digitization, and globalization have changed the way a company operates and so did the needs of its employees and customers. As technology is moving ahead new things keep on coming and improving the way traditional HR Industry works. Some of the...
In today’s modern world, we all seek feedback and validation from the external world. In our personal lives, we give importance to likes, comments and shares we receive socially. So isn’t it important on our professional front too? Positive social comments motivate us and help in building a confident personality, likewise, regular feedback and reviews...
More than 10% of Fortune 500 companies have done away with the annual ratings as per a Washington Post. Business landscapes have changed significantly for almost every industry, they are much more dynamic and competitive than they were a couple of years ago. Organizations need to be Agile, Innovative, De-centralized and must empower employees for...
