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13 Practical Performance Management Strategies To Implement (In 2024)

AIHR

Performance management strategies are crucial for driving results. Gallup and SHRM found that under 20% of employees find their performance reviews inspiring, and 95% of managers are dissatisfied with their organizations’ review systems. It’s clear that performance management is effective.

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What is Continuous Performance Management?

15Five

Your annual performance reviews aren’t cutting it anymore. Only 14% of your employees strongly agree that their performance reviews inspire them to improve, according to Gallup data. Traditional performance management has long been a top-down process, where employees would meet with their manager one to four times a year.

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What is Performance Management?

15Five

Poor, outdated performance management—like giving feedback only in one annual review—means treating your employees like the second group of kindergarteners. Great performance management is about building a culture where everyone is always striving to become their best professional selves. What is performance management?

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How To Develop a Performance Management Framework: Your All-In-One Guide

AIHR

Most organizations have a performance management framework in place, yet 80% have redesigned it in the past four years. Research from Gartner has also found that 59% of employees find traditional performance review systems ineffective. Contents What is performance management?

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Introducing 15Five’s Evolution as a Strategic Command Center for Performance Management

15Five

Our newest enhancements include executive insights, strategic action planning, and AI-guided manager support, unlocking the power of existing people data to drive higher performance, engagement and retention. Only 2% of CHROs think conventional performance management practices are actually working.

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4 Innovative Performance Management Approaches To Implement

AIHR

Remarkably, while organizations that prioritize their employees’ performance are 4.2 times more likely to outperform their peers, only 2% of CHROs consider their performance management system effective. Should we abandon performance management altogether? Contents Do we still need performance management?

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6 Manager Effectiveness Metrics HR Leaders Should Be Tracking

15Five

But before you can make targeted investments in manager enablement, you must know how effective your managers are today and understand where they’re succeeding or struggling. You need baseline metrics to build a strategic plan and mechanisms for continuous measurement and improvement.

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