What Does Performance Management Really Mean? (Blog)
- Claude Werder
- Learning and Development, Talent Management, Human Resources
By Claude Werder, Vice President and Principal HCM Analyst, Brandon Hall Group
Nine out of 10 organizations believe performance management is important or critical to individual and organizational performance, according to 2019 Brandon Hall Group research. In fact, our data reveals that organizations with effective performance management processes are: five times more likely to see reduced turnover; three-and-a-half times more likely to see improvement in market competitiveness; three-and-a-half times more likely to experience improved customer satisfaction scores; three times more likely to see increased productivity; three times more likely to experience financial growth
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