Betterworks Survey Finds Continuous Performance Management Delivers Improved Business Outcomes

Summary:Last week, Betterworks released the first report based on insights from our 2019-2020 State of Continuous Performance Management Survey.

Betterworks Survey Finds Continuous Performance Management Delivers Improved Business Outcomes

Summary:Last week, Betterworks released the first report based on insights from our 2019-2020 State of Continuous Performance Management Survey.

Table of Contents

Last week, Betterworks released the first report based on insights from our 2019-2020 State of Continuous Performance Management Survey. This report focused on quantifying the business impact of a continuous performance process. Overwhelmingly, respondents in organizations who have adopted continuous performance practices saw better results for their businesses. In fact, they reported outperforming or significantly outperforming their competition at a 24% higher rate.

Betterworks Survey Finds Continuous Performance Management Delivers Improved Business Outcomes

Our research found that respondents from organizations with a continuous performance process in place reported significant improvements in the ability of their business to deliver on the following critical business objectives:  

– Achieving the top goals and priorities of the organization

– Nurturing an aligned workforce

– Attracting and retaining top talent

– Helping managers become better managers

“Legacy annual performance management techniques and technologies are totally failing to meet the needs of the modern enterprise and its workforce. In response more and more organizations are embracing Continuous Performance Management,” said Doug Dennerline, chief executive officer at Betterworks. “This year’s State of Continuous Performance Management Survey revealed that when companies adopt a continuous process, they see it delivering better business results.”

Compared to enterprises that still rely on annual performance management techniques, companies with continuous performance processes reported significant improvements in their ability to:

– Increase productivity throughout the company (66% vs 35%)

– Motivate the entire workforce (65% vs 35%)

– Ensure enterprise agility (47% vs 27%)

– Increase performance from all employees (58% vs 35%)

– Ensure the company meets its goals (64% vs 39%)

– Maintain organizational focus on the business’ top priorities (54% vs 33%)

– Engage the entire workforce (58% vs 37%)

– Retain high performing talent  (63% vs 41%)

– Identify high performing talent (55% v 36%)

HR teams that have implemented a continuous performance program report being nearly 50% more satisfied with their performance management process, and are 24% more likely to recommend this methodology compared to companies that still rely on annual processes.

Throughout the remainder of 2019 and into 2020, we will release additional reports based on findings from the survey. In addition to these publicly available resources, HR professionals attending local Betterworks Motivate Days will also gain exclusive access to further insights, tools and reports from the research.

Methodology:

The 2019-2020 State of Continuous Performance Management Survey was conducted in partnership with Market Cube. It included 500 professionals in the US and 250 in the UK, working for enterprises of 500+ employees across multiple industries, split nearly evenly between privately and publicly held companies. The respondents were also evenly split between HR professionals and non-HR people managers, with nearly half of both groups holding director-level titles or above. For the HR segment Gen-X comprised 57% of the survey population, with Millenials and Gen-Z making up 33% of the population and Boomers 10%. On the managers’ side, Millennials and Gen-Z comprised 50%, with Gen-X making up 31% of the population and Boomers 19%.

Click here to get your free copy of the full research report.

Did you like this post? Share it!

A Word From Our Sponsors

Ads help make Workology resources free for everyone. We respect your privacy. To see our Privacy Policy click here.

Recommended Posts

SPHR vs SPHRi: Charting Your HR Certification Journey

Dive into the SPHR vs SPHRi debate: learn their differences, career benefits, eligibility requirements, and study tips to enhance your HR journey....
The Benefits of a Healthy Workplace: Measuring Success

The Benefits of a Healthy Workplace: Measuring Success

Discover the keys to measuring workplace wellness and unlock strategies for a productive work environment in our comprehensive guide....
Workology’s Learning Portal Gets a Major Upgrade

Workology’s Learning Portal Gets a Major Upgrade

After months of building and testing, our new learning portal is ready! Ace the HR Exam students now have access to more resources than...

Checkout Our Products

Ads help make Workology resources free for everyone. We respect your privacy. To see our Privacy Policy click here.

More From Workology

Workology’s Learning Portal Gets a Major Upgrade

Workology’s Learning Portal Gets a Major Upgrade

After months of building and testing, our new learning portal is ready! Ace the HR Exam students now have access to more resources than ever.
The Benefits of a Healthy Workplace: Measuring Success

The Benefits of a Healthy Workplace: Measuring Success

Discover the keys to measuring workplace wellness and unlock strategies for a productive work environment in our comprehensive guide.

SPHR vs SPHRi: Charting Your HR Certification Journey

Dive into the SPHR vs SPHRi debate: learn their differences, career benefits, eligibility requirements, and study tips to enhance your HR journey.

Your Path to Successful SPHRi Recertification: An HR Guide

Explore SPHRi Recertification in our guide. Get insights on the process, earning credits, and enhancing your HR career. Don't miss out!