Continuous Performance Management Survey Report – Betterworks

Betterworks’ Continuous Performance Management Survey exposes how HR team makeup and structure affect the overall performance of the workforce. This report provides HR professionals with steps to guarantee that their workforce is in the best position to carry out the desired business outcomes.

Some key findings from this report include:

• Although managers agree that HR plays a crucial role in some areas, 78% of them don’t think their HR teams are forward-thinking. Only 43% of managers think HR teams take on new ideas, technologies and practices before most of the other firms do and only half of the managers think that HR is at the forefront of change.
• HR leaders in the c-suite are 69% more likely to serve as a business partner to other departments of the organizations, 25% more likely to care about improving work experiences for everyone and 44% more likely to believe that the HR function is well-respected.
• HR teams with c-level leaders are 29% more likely to see themselves as forward-thinking.
• Organizations with forward-thinking HR teams are more likely to invest in performance management and feedback technologies and 64% more likely to take on HR analytics.
• The components that constitute an efficient Continuous Performance Management program are more commonly implemented by HR teams with c-level leadership.
• 93% of respondents think visibility and transparency into their organizations’ top priorities and goals is essential to build a feedback culture when 85% and 83% of them cite “development and feedback” and “insights into every employee’s performance and skills”  as the most important factors.

Betterworks offers an integrated software solution to replace outdated annual review processes to ensure productivity and motivation in the workplace.

Full Report here.