Thanks to the recent influx of data around the cost and value of performance reviews, conversations around performance management have come center stage for many HR professionals. According to CEB, managers spend up to 200 hours per year on performance documentation, and a company of 10,000 spends an estimated $35 million a year to conduct reviews.
But, 95% of managers are dissatisfied with the way their companies conduct performance reviews. This has led many HR professionals to seek out a new performance management solution. If you’re in the process of evaluating your performance management options, be sure to check out A Buyer’s Guide to Performance Management Systems. You’ll get all this (and more) in this free guide:
Download your free copy to discover what you need to know before picking a new performance management solution.