Performance management is broken
Over the past couple of years, companies have been telling everyone who will listen that performance management is broken. The overcomplicated, forced ranking systems have led to a tick box mentality that has meant performance management is often seen as another piece of paperwork to be completed.
Figures from a performance management report from Deloitte University Press show that 58% of companies feel that performance management is not an effective use of time. Only a small minority, just 8%, believe that their performance management process is of value.