In our blog post last month about Performance Evaluations going the way of the Dodo Bird we discussed that major companies like SAP, Adobe, Accenture, Deloitte and Microsoft are throwing out their performance review programs.
The first reaction is what are they doing? Are they stopping performance feedback all together?... more
A recent survey shows that six percent of Fortune 500 companies have revamped their traditional annual performance reviews and rankings, and many more are expected to follow. Accenture, Deloitte, SAP and Kelly Services are the latest to join Juniper, Microsoft, Adobe, and Gap in making their traditional review and ranking processes extinct.
These companies have indicated that they have found that their performance review program was ineffective, onerous, costly (in the millions), and not positively received by employees or managers. Not the ROI they were expecting.
This change also reflects more closely the cycle of our culture and business. The world doesn’t run on an annual cycle anymore. With the innovations of smart phones and apps like Facebook and Instagram, people have grown accustomed to real time feedback. Employees are responding to more informal and frequent check ins, rather than a once a year conversation about past performance, that include examples... more
The latest data shows national unemployment rates at 5% and only dropping from there. In February, 242,000 new jobs were created and six straight years of record breaking growth shows no signs of slowing. Locally, the Portland Metro Area’s job growth was among the fastest in the US and it’s unemployment rate has plummeted to 4.3 %, the lowest since the dot.com days. The unemployment rate is half that for those with a college degree.
This scenario creates unique challenges in talent acquisition and employee retention. The post and pray model will not fill candidate pools in this environment. The squeeze is on for businesses to remain competitive in recruitment strategies. What can employers do differently to fill and, more importantly, keep positions filled?
With so few candidates looking for work, the net will need to be cast much wider. The good news is there are many things employers can do... more
The recently penned open letter by an employee to her CEO at Yelp and the rebuttal has brought focus back to the newest generation in the work place. Millennials. Millennials make up 50% of the workforce today, increasing to 75% in the next 10-15 years. Dubbed Generation ADD, The Selfie Generation, even the Unemployables, make no mistake, whatever you want to call them; they bring new and unique challenges to the employer landscape. No, that’s not a headache you’re feeling but rather you have a case of the Millennials. Like every generation prior, the Millennials are the creation of the generation before them. We gave ourselves this case of the Millennials.
Incredibly tech savvy, the Millennials are accustomed to information being available immediately. They want to know how they are doing as they are doing it. They are well educated with high expectations of themselves; they want to be proud... more