Chapter 2

Making the Case for Performance Management

IN THIS CHAPTER

Bullet Using performance management for multiple purposes

Bullet Answering the “what’s in it for me” question about performance management

Bullet Creating an ideal performance management system

Bullet Using performance management as a feeder for other talent management initiatives

62 percent of HR executives from Fortune 500 companies say that their performance management system serves mostly two purposes: salary decisions and learning about employees’ weaknesses and strengths. But performance management can do more, a lot more, for you and your business. It can help you ensure all employees are pulling in the same direction, that rewards and other decisions are fair, it can help you implement organizational changes, and much more. This is especially true if you deploy a state-of-the-science system and everyone in the organization gets something out of it.

In this chapter, you will learn how to use performance management for many useful purposes and discover how to create an excellent system that benefits all members of your organization. ...

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