Employee Engagement Outperforming Performance Management Organizations with a continuous feedback process are experiencing fi ve major benefi ts. By Diane Strohfus A company's performance management process helps address several business priorities, including nurturing an aligned workforce, attracting and retaining top talent, and helping managers better guide their employees. Betterworks' State of Continuous Performance Management Survey revealed that companies with continuous performance management processes were signifi cantly more effective at many important measures, including: * increasing productivity throughout the company; * motivating the entire workforce; and * identifying and retaining high-performing talent. Overall, the research found that HR teams that implemented a continuous performance process reported being nearly 50 percent more satisfi ed with their performance management program and 24 percent more likely to recommend this methodology compared to companies that still rely on annual reviews. Here are the top fi ve ways enterprises with continuous performance management processes are differentiating themselves from those with a traditional annual approach. 1. They outperform the competition. Overwhelmingly, respondents who worked for organizations that have adopted continuous performance practices saw signifi cantly better results for their businesses. In fact, they reported outperforming or signifi cantly outperforming their competition at a 24 percent higher rate. DECEMBER 2019 | www.hrotoday.com [67]http://www.hrotoday.com