New data from SHRM found that only one in 100 HR pros completely trust their current performance review process to identify high achievers, and only one in 50 completely trust it to identify problem employees.

At the same time, a 2023 HR.com survey found that only 24% of respondents said their performance management process resulted in a high or very high impact on employee retention. Only 33% said their performance management process resulted in a high or very high impact on improving employee performance. READ MORE