BY MICHAEL APPLEBAUM
PORTRAITS BY EDUARDO MARTINO Organizations rely on their perfor- mance management programs to identify unsung project heroes and weed out zeroes. But only 12 percent of organizations believe
their performance management programs deliver
high levels of business value, according to Deloitte’s
2015 Global Human Capital Trends survey.
Nearly half of respondents ( 49 percent) rate
their performance management process as “weak”
at demonstrating an effective use of time. Conse-
quently, nearly nine out of every 10 of organizations
have recently changed their performance manage-
ment process or plan to change it within the next
18 months. Some organizations have eliminated
conventional performance reviews.
For instance, in September, Accenture replaced
annual performance reviews and ratings with
a system that gives more frequent feedback to
employees. Accenture follows another PMI Global
Executive Council member, Adobe Systems, in get-
ting rid of annual reviews.