Dive Brief:
- HR Tech guru Josh Bersin posts that global companies are trying to find new ways to change their performance management practices to improve employee engagement, performance, and development.
- Many are eliminating performance ratings, forcing managers to check-in with employees regularly, and rethinking their compensation strategies, he writes. Some are doing pulse surveys, revamping their engagement models, and opening up their internal communications systems.
- As he studies this market and talks with managers all over the world, one thing keeps coming out: the need to build a business around feedback.
Dive Insight:
Feedback is a big topic, and it’s more complicated than you think, Bersin writes. It’s difficult to give and even more difficult to receive. And in the corporate world, people who give a lot of feedback are often labelled trouble-makers, he says.
Today, building a feedback-rich culture is a tremendously important task, and it impacts teams, organizations, customers and the whole company, Bersin notes, adding that a new world of feedback tools and approaches has arrived.
In fact, Bersin just finished more than two years studying this space and wrote a long article on the issue, exploring what he calls an "explosive new market and some of the innovative vendors helping make this market grow." HR leaders interested in this topic might want to check out Bersin's longer article on the trend at LinkedIN Pulse.
