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Performance Management 2.0: Improving Your Employee Motivation Strategy

15Five

In my book, Next Generation Performance Management , I differentiate between Performance Management 1.0 (PM and Performance Management 2.0 (PM is shorthand for last generation (traditional) performance management. Q&A: Employee Motivation and Performance. Webinar Recap.

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Does Performance Management Really Help Every Employee Become Their Best Self?

15Five

Today, we are at the forefront of a new category of software that helps leaders and managers drive high performance by bringing out the best in their people (commonly referred to as continuous performance management). If you shouldn’t be doing Performance Management, what should you be doing?

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How Objective Setting Can Fit Into Your Performance Management Strategy

15Five

Below we’ll discuss specific steps you can take to leverage OKRs in your performance management strategy. When people can share openly because they don’t feel that their jobs are at risk, managers learn where they are struggling beyond their capacity and become aware of the things that need improvement before it’s too late.

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How To Calculate Your Organization’s Turnover Rate

15Five

Compare your turnover rate to industry benchmarks Identifying patterns is one thing, but the best way to know if your turnover rates are worth investigating is by comparing them to benchmarks specific to your industry. Bureau of Labor Statistics is a great resource for benchmarking. Here are some strategies for doing that.

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What Is Compensation Management and What’s HR’s Role in it?

AIHR

Objectives • Attract top talent • Improve employee satisfaction • Align pay and benefits to performance and outcomes • Strive for fairness and transparency • Reduce churn rate / increase retention. When it comes to compensation metrics , accurate data is essential for benchmarking the competitiveness of your packages.

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OKRs vs. KPIs: The Key Differences & Use (With Examples) 

AIHR

Continuous improvement: KPIs serve as benchmarks for your performance. These benchmarks help you evaluate and refine your HR strategies and processes to improve your effectiveness over time. representation of underrepresented groups, diversity training participation) Performance management metrics (e.g.,

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The 5 Biggest Compensation Strategy Challenges for HR Leaders

15Five

Limited access to reliable benchmarks. Trouble finding accurate and helpful compensation benchmark data was mentioned quite a bit by our community members. . Figuring out how to benchmark positions that are uncommon or a hybrid of multiple roles [is a challenge].” – Lauren Schlicker.