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Leighanne Levensaler (more research by Leighanne Levensaler)
This research report will provide organizations with benchmark data and guidance to support the design of high-impact practices unique to their business conditions.
The Essential Guide to Performance Management Practices: Part 1 delves into the practices of performance management in corporations today, with a specific focus on their business impact.
Once viewed as a stand alone employee appraisal process designed to feed compensation and promotion decisions, performance management today is the cornerstone of modern talent management. This seemingly simple process is undergoing significant transformation as organizations embark on automating goal alignment, assessment, coaching, development, and succession processes.
This study is a companion to The Essential Guide to Performance Management Systems: Part 2, a detailed buyer’s guide to the rapidly growing performance management systems market. Part 2 includes objective, in-depth profiles of 25 solution providers. Together these studies represent the most comprehensive analysis to date of employee performance management, the foundation for compensation, onboarding, leadership development, succession management, and other critical talent management processes.
The Essential Guide to Performance Management Practices: Part 1 is designed to give HR executives and managers insight into high-impact employee management processes, with a focus on the best practices for a variety of different business conditions. The study also discusses how organizational characteristics – such as business maturity, management culture, industry, company size, and global reach – also influence performance management processes.Representative Findings of Part 1:
What You’ll Learn in Part 1:
The Essential Guide to Performance Management Systems: Part 2 takes a critical look at the rapidly growing market for performance management systems, examines implementation and adoption trends, and compares and contrasts offerings from 25 solution providers.
The following technology providers are covered in the research study: ACS, Authoria, Business Decisions, Cornerstone OnDemand, Cytiva, Halogen Software, HRsmart, ICIMS, Kenexa, Learn.com, Oracle (Enterprise Business Solutions), Oracle (PeopleSoft), Organization Metrics, Pilat HR Solutions, Plateau, Saba, Salary.com, SAP, Silkroad, Softscape, Stepstone, SuccessFactors, SumTotal Systems, Taleo, and Technomedia.
The study helps corporate buyers identify key differences between solution providers, offers guidance to efficiently developing a short list, and discusses how to conduct a methodological selection process.Readers Will Find in Part 2:
This study is a companion to The Essential Guide to Performance Management Practices: Part 1. Together these studies represent the most comprehensive analysis to date of employee performance management, the foundation for compensation, onboarding, leadership development, succession management, and other critical talent management processes.What You’ll Learn in Part 2:
These studies are based on multiple research initiatives conducted over the last seven months.
In August 2008, Bersin & Associates conducted an extensive, quantitative survey capturing responses from more than 700 HR, learning and development, and information technology professionals to identify the key drivers, adoption levels, business challenges and trends in corporate performance management and the implementation of performance management systems. Thirty percent of the respondents are employed by companies listed in the top 100 of the Fortune 500; 28% are employed by companies appearing in the “100 Best Companies to Work For” list. Over 40% of respondents represent multi-national organizations; 13% are from companies based outside of the United States.
Bersin & Associates analysts also conducted in-depth interviews with 47 HR executives to get a detailed perspective of performance management. From these interviews, the company identified 10 organizations with performance management practices and processes that yield significant business impact. These organizations represent a variety of industry segments and range in size from 5,000 to 250,000 employees.
Finally, Bersin & Associates analysts conducted three-hour briefings with 25 selected providers of performance management systems. The briefings included system demonstrations that focused on use cases and presentations on company backgrounds and product roadmaps.
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