95% of managers are not satisfied with their company’s annual performance management process and 75% of employees see yearly reviews as unfair1.
At the end of 2019, Cornerstone surveyed businesses with under 1,000 employees on their current practices and challenges surrounding employee performance management. We wanted to understand what SMBs consider important, what they wish they could do, and what’s standing in the way of changing company culture to focus on feedback.
Findings of the survey illustrated:
Performance reviews are business, and not employee, centric
SMBs are in transition with performance reviews
Managers lack the time, skills, and tools for continuous performance management
Adoption of automation & enablement tools remains low.
Download the whitepaper to dive deeper into the results and learn the top 4 steps you need to take in order to help your company move forward and implement CPM.