Get Ready, Get Set, Go
According to an April 2015 Harvard Business Review article, “Reinventing Performance Management,” innovative performance management is valued for focusing on “speed, agility, one-size-fits-one, and constant learning, and is underpinned by a new way of collecting reliable performance data.”
Specifically, innovative performance management focuses on:
- Setting goals
- Helping managers coach individuals
- Providing more continuous feedback, support, and growth or change
- Being more collaborative, social, and faster-moving
To get started, you need to understand the key elements of an innovative performance management system which will help you begin implementing a new model. With that knowledge, you can begin to see how the model can apply to your organization.
You’ll also need to overcome the common misconception that innovative performance management is all-or-nothing. Any organization can gradually improve its talent management system by adopting the parts of the model that work for them. It doesn’t need to be all or nothing, and it certainly doesn’t all need to be done at once.
To be sure your organization is ready, assess things like:
- Overall company culture
- Openness to change at various levels of the organization and among key stakeholders
- Current performance management processes
With that information in hand, you can determine what about your performance management system you want to change, what you can change, and how you can best move forward.
Sources: Performance Management Innovation: HR’S NEXT BIG MOVE, Human Capital Institute; Change the Performance Management Conversation, Jackie Messersmith, Talent Management LLC
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Jackie Messersmith is President and CEO of Talent Management LLC. Talent Management provides consulting services to small to mid-size businesses to put a top performing company culture and talent strategy in place, and is the developer and distributor of Talent Snapshot®, an integrated, competency-based, “in the cloud” talent management solution. Jackie can be reached at 513-528-9700 or email@example.com.