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Companies look to reinvent employee performance evaluation: Survey

10 Apr 2018 by  The Economic Times

NEW DELHI: Performance management systems across corporate India are in a state of flux, with 67% of companies saying they have reviewed and effected major changes in their performance evaluation systems over the last two to three years, according to a study by Aon Consulting India, a leading HR consulting firm.

Also, while bell curve is being questioned, formal ratings are considered helpful in measuring employee performance, the survey of over 150 companies, shared exclusively with ET, shows. Companies made the following changes to their performance management system: process (76% of firms), system and technology (59%), alignment to strategy (55%), managerial capability and governance (37% each), HR structure and capability (30%), among others. 

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The Economic Times