The effectiveness of annual reviews has long been under scrutiny in modern workplaces, and it seems like their era may be coming to an end. For the fourth year in a row, “The Future of Work is Human: Findings from the Workhuman® Analytics & Research Institute,” a survey of more than 3,500 full-time international workers, found that the number of companies conducting annual or semiannual reviews has continuously fallen from 82% in 2016 to 54% in 2019.
But what will replace these traditional processes? The answer is a more continuous performance management approach that relies on the power of peer-to-peer feedback and regular manager check-ins. Read this paper to learn how ditching annual reviews and adopting a more human-centric approach improves employee engagement and reduces turnover.
You’ll learn new actionable findings such as:
Thriving Through M&As: The Positive Impact and ROI of Recognition
To maintain employee engagement and productivity during mergers and acquisitions, leadership must put equal focus on employees’ emotional and psychological needs as they do the technology and departmental integrations.
Why Workhuman Now
Economic uncertainty has employees feeling stressed and burned out. Here, learn more about recognition's impact on employee engagement and organizational strength, and why Workhuman is the ideal partner to elevate and enrich your culture.
3 Key Data Points: The Immediate and Long-Term ROI of Social Recognition
Dive deep into three data points uncovered by the Workhuman® research team that show how a robust Social Recognition program enhances productivity, safety, and more.
11 Ways Employee Recognition Builds Better Managers
Here are 11 ways employee recognition can increase manager effectiveness, improve performance management and business processes, and help your managers realize their full potential.
12 Tips for Having Amazing Check-Ins
The employee-manager relationship is one of the most critical elements of the employee experience. And one of the primary tools to communicate and stay in sync is the check-in.
10 Ways a Workhuman Solution Provides You Peace of Mind
Are you in the process of choosing a new recognition vendor? Here are 10 security and safeguard questions your organization should consider first.
12-Step Guide to Transition to Continuous Performance Management
Tired of annual reviews and looking for best practices in your evolution to continuous feedback, check-ins, and goal setting? Use this guide as a starting point.
10 Ways Social Recognition Can Strengthen Your Employer Brand
Recognition and reward are powerful ways to keep your employees on board, engaged, and motivated. But did you know recognition is also a powerful way to attract and win new hires?
10 Reasons Why Annual Reviews Are No Longer Enough
Learn 10 ways we have outgrown traditional performance management. If they feel familiar, you may want to explore whether your current performance management technologies need an overhaul.