“Many times I’ve wondered, if we just eliminated the entire formal performance management system, would we see any impact on the business?” says one SVP of human resources at a major manufacturing company. This executive isn’t alone in wondering whether their performance management approach is actually paying off.
The 2019 Gartner Performance Management Benchmarking Survey showed 81% of HR leaders are making changes to performance management, and some companies have even considered eliminating altogether the numeric or qualitative labels they use to grade employees or rank them against each other.
