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Talent Management vs. Performance Management: What’s the Difference?

Extensis

Quick look: While the terms talent management and performance management are often used interchangeably, they play different (yet equally important) roles in a company’s human resource function. While the two terms may seem similar, they represent distinct approaches with unique objectives.

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Lattice launches new AI features for performance management and employee surveying

HR Brew

One of those features, “Key Driver Analysis,” builds on an AI tool the company launched in March that used generative AI to summarize comments from employee engagement surveys for people pros. The new tool uses AI to synthesize top themes revealed in survey data, relying on both open-ended feedback and engagement scores.

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Performance Management: Design a Modern Process That Creates Results

HR Bartender

(Editor’s Note: Today’s article is sponsored by our friends at Primalogik , a cloud-based performance management solution that provides a flexible way to manage employee reviews, 360-degree feedback, goals, and engagement surveys. One of those activities is performance management. Enjoy the read!).

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Is Continuous Performance Management Here to Stay? Absolutely.

Cornerstone On Demand

Fast forward to today when the idea of continuous performance management is starting to take center stage. For instance, in 2015, 58 percent of HR leaders described their performance management process as an ineffective use of time. Workers want their managers to develop and guide them, not tell them what to do.

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Continuous Improvement - Flipping the Script on Your Coaching Culture

Speaker: Jordan George, Director, Leadership & Talent Development

But this isn’t exactly news: even back in 1997, a SHRM survey found that only 5% of companies were “very satisfied” with their performance review process. In 2012 – 15 years later – another SHRM survey found 45% of HR leaders thought reviews were a poor gauge of a worker’s performance.

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6 Best Practices for Modern Employee Performance Management 

15Five

Is your performance management program actually moving the needle on employee performance? In a McKinsey & Company survey, 54% of respondents said performance management at their organization had not had a positive effect on performance. (If What is employee performance management?

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What is Performance Management?

15Five

Poor, outdated performance management—like giving feedback only in one annual review—means treating your employees like the second group of kindergarteners. Great performance management is about building a culture where everyone is always striving to become their best professional selves. What is performance management?

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5 Culture Trends for 2019

As we approach 2019, major shifts in the work environment will continue to affect the ways companies do business. Companies that are looking to attract, engage, and retain top talent should leverage these trends to create workplaces where employees thrive.