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Organizations operate in a constantly evolving landscape that is influenced by globalization and technology. To be successful and remain competitive, organizations must respond with flexibility and a willingness to adapt. Performance management can help firms to keep up with a younger workforce and technology that is constantly changing and improving the work experience. Employees are eager to embrace a positive experience in the workplace, and this is further emphasized in their desire to be more independent. In response to this, organizations are exhibiting less micromanagement and a growing appreciation for efficiency and innovation. Performance management gives businesses the tools necessary to make this a reality.
Your boss, the Vice President of Human Resources, has come to you once again for support. The presentation that she made using the information that you provided in the unit 2 Individual Project (IP) was enough to pique leadership's interest. Now, she needs help with contemporary trends in performance management.
-What are some of the things that businesses are doing today to embrace a more contemporary style of performance management?
-What role does technology play in the workforce?
-How can performance management complement the needs of the diverse workforce?
Managers are often overwhelmed by their day-to-day activities and postpone important aspects of their jobs, including performance appraisals.
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