It should be more focused on current organisational priorities

It should be more focused on current organisational priorities
When we are talking of shorter time cycle for OKR based performance management systems, non-monetary rewards will play a big role along with a combination of instant and deferred compensation plans which will also aid retention of employees.

How do you see the PMS landscape across organisations and define the new fronts of Performance management that may open up post Covid?

SS 2020 has been a year of unexpected new challenges and learnings. COVID has changed the entire organization eco system and companies had to struggle for survival. New Normal has brought new facets of work life and WFH being one of the most popular and effective way for business continuity. Performance management& appraisals have taken a back stage as business survival and continuity is the focus of the organisations. As the economy is reviving we hear of companies paying bonuses and PLI’s, however in many cases the employee performance appraisals have been deferred or not happened.

What I foresee is the emergence of short term performance management cycles and emergence of OKR’s (Objectives and Key Results) in coming times as a means to evaluate employee performance and reward them. These are the...

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Subir Sinha

Senior Human Resources Consultant at Subir Sinha HR & Corporate Advisory

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Subir Sinha

Senior Human Resources Consultant at Subir Sinha HR & Corporate Advisory

July 2022 Issue

Building Better Work Culture -July 2022

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