Performance management to drive engagement and retention of employees
The purpose of an effective performance management process is often been misunderstood by many organisations and have failed to identify the relationship between employee engagement and retention with performance management.
Performance management in the current world is being practiced in the same old manner where the supervisors will give a numerical number for an employee’s performance and then the employee will rate his/her performance according to their understanding. Later a review meeting will determine once performance and the expectation for the next year. This should not be the case moving in to the future. A well-structured and an effective performance management process will allow you to build a connection with employee engagement and retention as well.