Question: I will upvote for thorough answer! Many organizations are realizing that their performance management approaches arent suitable for the new realities of work and certainly

I will upvote for thorough answer! Many organizations are realizing that their performance management approaches arent suitable for the new realities of work and certainly arent agile enough to meet future needs.

In a recent 2021 Human Capital Trend Report, 79 percent of executives rate redesigning performance management a top priority.

The first step in the redesign is to consider the overall purpose and objectives of performance management.

Drawing from your knowledge and your experience:

What IS the overall purpose of performance management?
What are some of the desired strategic outcomes?
What are two or more pitfalls of many performance management systems and the potential impacts.. on the people ..on the organization?
What is one alternative approach to traditional performance management that would also support the strategic outcome?

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