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Performance management strategies are crucial for driving results. Yet, companies often overlook them and don’t allocate sufficient resources to their development.
Gallup and SHRM found that under 20% of employees find their performance reviews inspiring, and 95% of managers are dissatisfied with their organizations’ review systems. However, 60% of companies with effective performance management systems report outperforming their peers.
It’s clear that performance management is effective. Let’s unpack what performance management is, why it matters, and what effective performance management strategies you can implement in your organization today.
Contents
What is performance management?
What are the 4 approaches to performance management?
What are