Performance Management: A Better Way

Is there a better way to look at performance management when ratings are so historically and intrinsically tied to compensation? Accenture thinks so, and is working to revolutionize the practice. In this HCI Keynote video, Rahul Varma discusses how you can still make compensation work if ratings go away.

Key insights:

• In the absence of a rating system, counter the biases and favoritism of management with extensive HR checks and balances.
• Use design thinking to ground your performance management processes in the human element; use an intuitive, people-centered approach.
• You can’t improve performance retrospectively—apply meaningful, personalized, forward-thinking actions to help employees grow.