Thanks to the recent influx of data around the cost and value of performance reviews, conversations around performance management have come center stage for many HR professionals. According to CEB, managers spend up to 200 hours per year on performance documentation, and a company of 10,000 spends an estimated $35 million a year to conduct reviews.
But, 95% of managers are dissatisfied with the way their companies conduct performance reviews. This has led many HR professionals to seek out a new performance management solution. If you’re in the process of evaluating your performance management options, be sure to check out A Buyer’s Guide to Performance Management Systems. You’ll get all this (and more) in this free guide:
- An overview of current performance management trends so you know what’s hot in this space
- Essential features to look for in performance measurement & development options—and why they matter to you
- Ready-to-use calendar to help you set cadences for feedback, goal-setting, and development conversations
- A checklist to help guide your conversations with vendors
Download your free copy to discover what you need to know before picking a new performance management solution.