MENLO PARK, Calif.--(BUSINESS WIRE)--GuideSpark, the leader in employee communications and engagement, released results from a study today giving HR leaders a glimpse into how today’s corporate workforce perceives the performance management process.
The GuideSpark study shows that the general consensus amongst employees is that performance reviews are a waste of time, with more than 60% of employees not understanding how their performance is measured relative to their peers.
There is also confusion around how a company’s performance rating ties to compensation. Given this, it’s no surprise that 75% say that performance reviews don’t always lead to better performance.
Managers find performance reviews to take a lot of time, and almost half don’t feel empowered to make performance and compensation decisions on their own. The research also discloses a big gap in manager training around handling compensation conversations with direct reports.
The results of the research also throw light on the fact that a majority of employees find their company’s goal setting process to not help them prioritize their work.
“Companies are investing a lot in their employees, and yet there is still a gap in employees understanding the value of their programs,” says Keith Kitani, CEO GuideSpark. “Given this, companies have an opportunity to educate their workforce and promote a stronger pay-for-performance culture.”
To get the full results of the study, view the infographic.
The findings are based on a GuideSpark survey of 325 full-time employees across all industries, conducted in September 2014. The majority (81%) work for enterprises with greater than 2,500 employees.
GuideSpark, the leader in employee communications and engagement, transforms how organizations communicate and engage with their employees through customized video and mobile experiences for every stage of the employee life cycle, from onboarding to benefits, compensation and more. The solution is accessible via a robust platform that provides an interactive user experience and deep analytics on employee engagement. GuideSpark, named to the Inc 5000 list of “America’s fastest-growing companies,” serves hundreds of enterprise customers across all industries and millions of employees. By leveraging content and technology, GuideSpark helps its customers transform their employee communications to increase engagement, create efficiencies by saving time and money, deliver consistent messaging and get peace of mind knowing that their employees understand the value of working for the company. For more information, visit www.guidespark.com, follow https://twitter.com/guidespark, and like https://www.facebook.com/GuideSpark.