North America, more than other regions, sees a split in methodology for large and medium enterprises. Large enterprises are more likely to have more traditional performance management processes in place: annual and semi-annual employee reviews that align with cyclical business needs like salary reviews and goal measurement. Meanwhile, quarterly evaluations are more common at medium U.S. enterprises and the top drivers for review cadence include employee development and evaluation of project performance. You can read more on how medium enterprises around the world conduct performance management in the previous blog in this series.
For more on these findings and the full survey results, read “Employee Performance Management Needs A Promotion,” a February 2018 commissioned study conducted by Forrester Consulting on behalf of Workday.
Read the second blog in this series, “Global Study: Medium Enterprises Seek More Agile Performance Management,” to learn how medium enterprises are evolving their approach to employee performance management, and the areas where they fall short.
Want to understand how organizations are transforming the performance review from an annual chore to a more continuous value driver? You can learn more at Workday Rising, where Greg Pryor, SVP People and Performance Evangelist, along with guest speaker David K. Johnson, Principal Analyst, Forrester Research, will be discussing this research.