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Now for an even more important question. If you couldn't provide answers on the spot, should you or your HR department be able to?
Today’s CEOs have data on nearly every facet of their business. Yet, many come up short when they seek objective, data-driven insights on their company’s most valuable assets–its people. If HR can’t provide these insights, who should?
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For the past decade, many in the HR industry have been calling for radical changes to the performance management process and an end to the annual performance review. While many companies have moved to more frequent programs for individual goal setting and performance feedback, reports of the death of the annual performance review (to steal a quip from Twain) “have been greatly exaggerated.”
People want to know where they stand.
When Facebook reevaluated its performance management systems several years ago, according to a November 2016 article in Harvard Business Review, they conducted focused groups and a follow-up survey with 300 people that revealed 87% wanted to keep a more formal process.
Record low unemployment, a positive economic outlook and a proliferation of recruitment channels make recruiting more challenging today than ever before.
To find out what’s working and what isn’t, we interviewed five senior talent advisors, each with a decade or more of experience and a track record of success in several different industry sectors. Download our latest Trendicators report, 5 Recruiting Experts Share Strategies for Success, for ideas you can use to compete more effectively in today’s talent-driven marketplace.