By DAVID ROCK, JOSH DAVIS & ELIZABETH JONES
The way we manage performance in organizations needs a dramatic overhaul. According to data gathered by leading Human Capital research organizations, only 8 percent of HR executives thought performance management made a significant contribution to performance (Institute for Corporate Productivity). Fourteen percent thought that “no changes were needed” to performance systems (Corporate Executive Board). And 23 percent thought that performance systems reflected employee contributions (Conference Board). An average of these comes to 16.2 percent. In other words, around 86 percent of companies are not that happy with performance management as it stands.
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