Why Annual Reviews Can Stunt Talent Growth

January 17, 2019 / GuidesFor Team

How do we ensure that the workforce is fully equipped in a business landscape that is fast-paced and highly competitive? The solution is strategic talent management, which aims to attract, develop, and retain skilled workers. Skills development, effective training, and performance improvement all directly impact the ability of an organization to sustain growth and consistently meet the bottom line. One surprising trend, however, is the shifting focus of performance management efforts, which were previously an essential component of talent strategy. Brandon Hall Group conducted a recent study and reports that 69 percent of organizations are looking to drop formal performance appraisals and replace them with coaching and more frequent performance conversations. Read on to discover how this trend is developing and how it has impacted organizations around the world. – Jem Santos

 

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