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

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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