Performance Management Technologies and Trends 2024 [Video]

Performance management has become a pivotal practice for business processes in the modern working world. Companies are letting people work from home or in the office, using better performance management technologies, and focusing on employee happiness.

This is shaking up how they manage their teams. To keep up, companies need to adjust how they train and support their people. As we enter 2024, a range of emerging technologies and best practices present new opportunities to transform performance management.

The shifting landscape of high-performance management

1. From annual reviews to continuous feedback

Annual performance reviews have been declining as organisations shift to more continuous models of feedback and coaching. Rigid yearly appraisals fail to meet the needs of today’s dynamic work environment. Meanwhile, real-time feedback loops better support employee development and engagement.

Ongoing conversations allow managers to provide guidance aligned with evolving objectives instead of confining feedback to one annual meeting. This facilitates more responsive adjustments and growth. Additionally, prompt feedback enhances workplace culture …