This is part 2 of our blog series on Human Asset & Performance Management. Click here to read Part 1 of the series.
As organizations look to evaluate performance management processes and shift to a continuous performance review process / system, the questions often asked are, “What is a continuous performance review and what has changed to require a fresh approach?”
Are we getting what we need from our current review process? If not, is it time to finally reconcile performance reviews with today’s business and work reality? If business is forward looking, why are our performance review processes backward focused? Continuous performance review is a forward-focused management process, and not an HR process. We must shift our paradigm. Yes, HR is involved, but managers are responsible and accountable for the process. Gone are the days of saying, “HR is making us do these performance reviews.” You are doing reviews because it’s right for your business and for your employees.
Yesterday’s Performance Management Process: Assessment
Performance management was done out of HR as a year-end review process focused on pay and promotion. It was a way to rate /assess people and their past performance.