Published: 01 February 2024
Performance management strategy is constantly evolving, making current data essential for evaluating and adjusting processes. Talent management leaders can use this report to benchmark top performance management priorities, primary system design philosophies and frequency of activities.
Organizations’ top three PM priorities are helping employees align work with organizational needs and priorities (49%), helping managers hold employees accountable for achieving performance expectations (46%) and helping employees learn and grow (35%).
Driving a consistent employee PM experience is the most common goal for organizations, with 45% selecting it as their primary design philosophy. Other common primary design philosophies include empowering employees to meet unique development needs (22%) and empowering managers to use discretion in PM (17%).
Nearly all organizations regulate formal policies for setting performance expectations (90%), providing performance feedback (83%) and conducting formal performance reviews (83%).
Organizations
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Human Resources Research Team
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