Evaluating and Rewarding Employee Performance at the Speed of Business

Evaluating and Rewarding Employee Performance at the Speed of Business

Traditional performance reviews are on their way out—but are we setting up an effective performance management system in their place? According to a PayScale survey, only 10 percent of organizations currently use a real-time, ongoing feedback process. A system that includes both frequent feedback and a thoughtful compensation plan will work to attract great hires, keep employees engaged, and develop internal talent for the future.