Insights: Management

The concept of tying compensation to accountability seems simple enough on the surface. However, making it real is way harder than it looks. And the biggest challenge is deciding what to measure performance against.

First, let’s agree that meetings are a reliable and efficient way to get teams aligned behind a common objective or goal. Let’s also agree that, if not carefully managed, meetings can quickly unravel into a massive waste of time.

The annual performance review is an excruciating ritual that has been around for a really long time, but, in 2017, it’s just not cool anymore.
It is a 20th century model that just doesn’t work for the 21st century.  Managers see them as time consuming and not always reflecting employees’ real contributions. Employees, especially millennials, can find them demeaning and unfair.
But how can we provide the feedback that is essential to an employee’s growth without a review?   And how can management gather and organize information on employee performance to use in human resources decisions?  

The Harvard Business Review recently released an article outlining how to identify high-potential employees.