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Shifting Away from Annual
Performance Reviews Increase
Productivity and Engagement'
Geoffroy de Lestrange,
EMEA Product Ma...
2Note: User and client count figures exclude Growth Edition and Cornerstone for Salesforce.
CLIENTS
2,805
USERS
27.7M
COUN...
IDC Consulting Copyright 20163
Key Takeaways
Flexible working has a direct impact on employee engagement
The employee perf...
13% of workers feel passionate
about their work (Deloitte)
53% of employees say reviews
don’t motivate them to work
harder...
Shiny happy people?
Source: IDC, Cornerstone OnDemand HR-
LOB Survey, March 2016
71%
Flexibility, a worthwhile investment
6
Correlation between happiness and flexibility measures
Source: IDC, Cornerstone OnD...
Impact on performance
management
IDC Consulting Copyright 2016
What are we talking about?
The work environment is changing
Once upon a time… Nowadays…
HR is materially changing as a result
10
FROM A FOCUS
ON PROCESS
AND
AUTOMATION…
… TO A FOCUS ON
BUSINESS IMPACT AND
ENGAG...
Old reviews are disappearing
credit attribution:paul prescott / Shutterstock.com
What’s the target
• Know your employees’ skills
• Ensure that the righ...
HR closer
to the business
Perception of HR support of the business
UK: 53%
UK: 43%
UK: 38%
UK: 24%
Employees now truly at the centre
Don’t mix up everything!
Oldperformancereview
Ongoing
performance review
Talent &
development review
Compensation
review
Performance reviews evolving
17
Source: IDC, Cornerstone OnDemand HR-LOB Survey, March 2016
Frequency of reviews in Europe...
Flexible performance management
Social recognition
Highlighting
best colleagues
Observation
checklist
Realtime
feedback
Go...
Collaboration and growth are correlated
Source: IDC, Cornerstone OnDemand HR-LOB Survey, March 2016
Higher proportion of h...
Fair analysis
• Performance compared to target objectives (“SMART”
goals)
• Performance variation from one year to the nex...
Real-life evaluation
Observe, record, and assess
skills in the field to determine
employee competency
Source: Gallup; Employees Want More From Managers, 4/2015
The relationship between the
Employee and their Direct
Superviso...
Necessity of HR/Business alignment
23
HR areas of
improvement
in Europe
Source: IDC, Cornerstone
OnDemand HR-LOB
Survey, M...
A pragmatic business-
driven approach
Use the power of analytics
REPORT
Standard & custom
reports embedded
in talent platform
Reporting
PLAN
Big data solution f...
26
Benefits
Payroll
TalentHRISHRIS
Time &
Attendance
Talent
HRIS
HRIS
HRIS
HRIS
HRIS
HRIS
HRIS
HRIS
HRIS
HRIS
Old days….
O...
Conclusion
5 Key Drivers for HR Impact
Source(s):
1. Bersin, Rethinking L&D, Learning Trends, 2015
Enable talent
mobility &
create
le...
Small business or Enterprise,
discover your Cornerstone
Performance solution on
booth E30
Upcoming SlideShare
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Shifting Away From Annual Performance Reviews to Increase Productivity and Engagement

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Discover how shifting away from annual performance reviews can boost employee engagement and productivity within your organisation.

Presented by Geoffroy de Lestrange, Product Marketing Manager, EMEA Cornerstone

Published in: Recruiting & HR
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Shifting Away From Annual Performance Reviews to Increase Productivity and Engagement

  1. 1. Shifting Away from Annual Performance Reviews Increase Productivity and Engagement' Geoffroy de Lestrange, EMEA Product Marketing Manager @csodemea
  2. 2. 2Note: User and client count figures exclude Growth Edition and Cornerstone for Salesforce. CLIENTS 2,805 USERS 27.7M COUNTRIES 191 LANGUAGES 42 OFFICES 19 San Francisco Santa Monica Sunnyvale Sao Paulo Madrid Paris London Amsterdam Stockholm Dusseldorf Munich Tel Aviv Bangalore Mumbai Hong Kong Tokyo Sydney Auckland Who we are As of September 30, 2016 New Delhi
  3. 3. IDC Consulting Copyright 20163 Key Takeaways Flexible working has a direct impact on employee engagement The employee performance review is not dead It needs to be justified by useful outcome for both company and employee Collaboration has a significant impact on financial performance HR must sell itself better to its internal customers in line of business functions
  4. 4. 13% of workers feel passionate about their work (Deloitte) 53% of employees say reviews don’t motivate them to work harder (Globoforce)
  5. 5. Shiny happy people? Source: IDC, Cornerstone OnDemand HR- LOB Survey, March 2016 71%
  6. 6. Flexibility, a worthwhile investment 6 Correlation between happiness and flexibility measures Source: IDC, Cornerstone OnDemand HR-LOB Survey, March 2016
  7. 7. Impact on performance management
  8. 8. IDC Consulting Copyright 2016 What are we talking about?
  9. 9. The work environment is changing Once upon a time… Nowadays…
  10. 10. HR is materially changing as a result 10 FROM A FOCUS ON PROCESS AND AUTOMATION… … TO A FOCUS ON BUSINESS IMPACT AND ENGAGEMENT
  11. 11. Old reviews are disappearing
  12. 12. credit attribution:paul prescott / Shutterstock.com What’s the target • Know your employees’ skills • Ensure that the right person is at the right position with the right skills at the right moment • Develop your employees’ strengths • Plan for workforce and succession
  13. 13. HR closer to the business
  14. 14. Perception of HR support of the business UK: 53% UK: 43% UK: 38% UK: 24%
  15. 15. Employees now truly at the centre
  16. 16. Don’t mix up everything! Oldperformancereview Ongoing performance review Talent & development review Compensation review
  17. 17. Performance reviews evolving 17 Source: IDC, Cornerstone OnDemand HR-LOB Survey, March 2016 Frequency of reviews in Europe UK: 30% UK: 22% UK: 50%
  18. 18. Flexible performance management Social recognition Highlighting best colleagues Observation checklist Realtime feedback Goal setting Badges Coaching Development Awards Social sharing Skills matrix
  19. 19. Collaboration and growth are correlated Source: IDC, Cornerstone OnDemand HR-LOB Survey, March 2016 Higher proportion of high-growth organisations in respondents with stronger collaboration incentives
  20. 20. Fair analysis • Performance compared to target objectives (“SMART” goals) • Performance variation from one year to the next • Performance variation following talent management measures (e.g. training, development plan…) • Performance compared to target positions
  21. 21. Real-life evaluation Observe, record, and assess skills in the field to determine employee competency
  22. 22. Source: Gallup; Employees Want More From Managers, 4/2015 The relationship between the Employee and their Direct Supervisor is the #1 driver to employee engagement Managers account for up to 70%of variance in employee engagement. Manager’s Impact on Engagement
  23. 23. Necessity of HR/Business alignment 23 HR areas of improvement in Europe Source: IDC, Cornerstone OnDemand HR-LOB Survey, March 2016 RH LOB
  24. 24. A pragmatic business- driven approach
  25. 25. Use the power of analytics REPORT Standard & custom reports embedded in talent platform Reporting PLAN Big data solution for workforce planning Workforce Planning PREDICT Predictive, prescriptive analytics for managing talent decisions Insight - Predictive analytics DISCOVER Highly visual & interactive dashboards to easily slice & dice talent data View - Business Intelligence
  26. 26. 26 Benefits Payroll TalentHRISHRIS Time & Attendance Talent HRIS HRIS HRIS HRIS HRIS HRIS HRIS HRIS HRIS HRIS Old days…. Operational Today… Business Driven 2000 2015+
  27. 27. Conclusion
  28. 28. 5 Key Drivers for HR Impact Source(s): 1. Bersin, Rethinking L&D, Learning Trends, 2015 Enable talent mobility & create leaders at all levels MOBILITY Build a culture of passion and purpose CULTURE Develop deep partnership with the business to set the right priorities and adapt rapidly BUSINESS Connect the distributed workforce, enhance collaboration and support innovation CONNECT Drive engagement, offering flexibility and development opportunity ENGAGE
  29. 29. Small business or Enterprise, discover your Cornerstone Performance solution on booth E30

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