Performance Management: Are Today's Practices Working?

Technology Revolution: The Future of Now

Bonnie D Graham

Business News, Technology, News

4.9 • 108 Ratings

🗓️ 30 September 2015

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Performance Management (PM) began informally around World War 1. By the late-1950s, many companies adopted formal, personality-based PM practices without a self-appraisal component. Complaints arose about their effectiveness. Fast-forward to today. Most organizations are using a PM strategy intended to drive the right behaviors toward a specific outcome, but 80% believe it's not delivering. Is your PM maximizing or hurting your employees' productivity? It's time to examine the good, bad, and ugly of PM, plus improvement strategies you can use now. The experts speak. Dr. Steven Hunt, SuccessFactors: "Sweeping generalizations about certain performance management methods being universally good or bad are almost always wrong." Josh Bersin, Bersin by Deloitte: "Traditional performance appraisals are dinosaurs." Pam Seplow, SAP: "Good judgment comes from experience, experience comes from bad judgment" (Will Rodgers). Join us for Performance Management: Are Today's Practices Working?

Transcript

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0:00.0	The following program is being brought to you on the Voice America Business Channel.
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0:24.2	and do not necessarily reflect the views and ideas held by the Voice America Talk Radio
0:28.8	Network, its staff and management.
0:45.0	Welcome. Welcome to the most nutritious hour of business talk all week.
0:48.9	This is Coffee Break with Game Changers, presented by SAP.
0:51.4	The best run business is Run SAP.
0:54.1	Your host and moderator is Bonnie D. Graham.
0:58.5	You'll hear from the innovators who have learned to use game-changing technologies to shake up the status quo and help move today's businesses in new directions.
1:02.2	Now, here's Bonnie D. Graham.
1:04.4	Welcome, welcome, welcome.
1:06.0	And if you want to run with the game changers, I promise you're in the right place.
1:10.6	Today's buzz? Well, maybe it's
1:12.5	time for a makeover. Oh, don't get nervous. There's no scalpel involved, but we do have a very
1:18.0	important topic. Let me get started. Performance management. Some of you know it as PM. It began
1:24.1	informally way back around World War I and evolved into the late 1950s when many companies adopted a formal personality-based PM practice.
1:34.3	But one thing was missing, and people were annoyed.
1:36.6	It didn't have a self-appraisal component.
	...

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