Employee assessment has traditionally been an HR issue. Finance Directors have paid it scant attention, apart from possibly reviewing a cost-benefit case prepared by recruiters and sanctioning the spend. But now there’s a very pressing reason why financial controllers - and other senior managers - should pay much greater attention to assessment.
Published: 23 December 2017
This isn’t a surprising statement anymore, with dozens of articles proclaiming the demise of the annual performance review and discussing its replacement: continuous performance management. This is a new way of monitoring and encouraging performance and necessitates regular, meaningful performance discussions year-round. It’s being accepted and adopted by organisations across all business sectors and it is centred around three core principles: Employees should constantly be working towards achieving short-term SMART objectives; Employees should be receiving frequent, real-time feedback; Employees should be having regular, future-focused performance conversations with their managers.
Published: 9 December 2017