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The finance industry is dominated by big worldwide players. And while it has been proven that such players can run the greatest financial games ever, it has not been evidenced that they can do so in the best favor of their stakeholders.
If you type “performance management” in any available search engine, you will be flooded with news mentioning the status quo of employee performance reviews, or rather, pointing out to the fact that they are becoming obsolete.
In 2017, the Performance Magazine editorial team interviewed Bård Kuvaas, Professor – Department of Leadership and Organizational Behaviour at the BI Norwegian School of Management, Norway. His thoughts and views on Performance Management are detailed below.
”The main challenges of Performance Management in practice are due to the fact that the process is time consuming and that people haven’t focused enough on the development of performance.”
Individual wellbeing is strongly connected to performance at the workplace. An increase in employees’ wellbeing can mean an increase in the efficiency of an organization.
In today’s knowledge based economy, people are the pillars of all organizations.
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