Are you frustrated with your performance review process? You're not alone.

Two percent of CHROs strongly agreed that their performance management system inspires their employees to improve. They're right. Research from Gallup shows that each performance review costs $100k in lost time for a 100-person company. More than half of managers don't see value in the process, and more than 85% of employees are uninspired to improve after their performance review.

Many of us in People and Culture have felt the administrative pain of coordinating and running annual performance review processes. We also know that managers and employees often give feedback that the performance management processes and systems we use are more of a hindrance than a help. What is clear is that the link between actual performance and performance reviews is often missing. So why do we keep doing this to ourselves and our people?

Join us for a thought-provoking webinar series that dives into the core reasons why these systems are failing. We'll explore the time-consuming processes, inconsistent evaluations, and lack of real-time data that make traditional reviews stressful and ineffective. Plus, we'll discuss the impact on employee morale, the missed opportunities for development, and why it's time for a change. More importantly, we will also learn innovative strategies to revamp your approach, align it with business goals, and foster continuous growth and engagement in your organization. Let's get back to the root of performance reviews and start motivating your people to hit ambitious goals and feel good about their work.

Series outcomes:

• Understand why PM often fails: Identify the common key reasons why performance management systems fail to support both employees and organizational goals and identify the root causes we need to address moving forward.
• Simplify it and learn where and how to streamline your process: Discover ways to simplify performance management processes, reducing administrative burdens while increasing their effectiveness.
• Meet people where they are at with your PM techstack: Discover the latest tech systems and tools that can streamline performance management processes, making them more efficient and aligned with your business objectives.
• Drive employee engagement by focusing on motivating and inspiring performance: Gain strategies to boost employee morale by focusing on strengths, recognizing achievements, and fostering a growth-oriented culture.
• Align people's performance with business goals: Develop a plan to connect individual performance with broader business objectives, ensuring that every employee's efforts contribute to organizational success.

Join us for a conversation with experts Wendy Pat Fong and Libby Stewart, who will break down the most common performance management problems and changes you can make this cycle.