You have likely heard it before: The world of work is changing — and at breakneck speed. The workforce is in a constant state of disruption, compounded by a record-low unemployment rate and low levels of employee engagement.
When organizations invest in strong performers and high-potential leaders to unlock greater leadership possibility, they will see a better return on investment than if they use coaching to outsource performance issues.
In theory, performance management is the perfect alignment of people and skill sets with the company’s strategic direction. It usually starts with big ideas about what the company wants to accomplish in the upcoming fiscal year, then cascades down.