Retention, knowledge transfer, capacity building, developing talent, and succession planning are all terms that corporate leaders are talking about much more in their annual strategic planning. Performance management can no longer be viewed as just a once-a-year event (e.g., annual performance appraisal). Developing and maintaining an effective talent management strategy requires an integrated performance management model that aligns people and business.
Performance management is a critical activity for organizations to not only survive but do well. Developing core competencies of the workforce is a major component in developing and evolving talent.
9 Elements for Integrated Performance Management is Volume 4 of the Howatt HR Consulting Talent Management Series that has been developed to promote strategic talent management considerations.
Each of the nine elements discusses a core component needed for an effective performance management model to assist human resource and business leaders to ask what is working well and what needs to be improved. The objective is to develop a strategy for their organization to manage and develop its workforce.
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