The work world is changing, with constant advances in technology, multiple generations and cultures working together, and the emergence of project-based work environments. Despite these changes, people remain your organization’s greatest competitive advantage. But are you maximizing your employees’ potential?

If your organization is using traditional performance management processes, which focus on what companies can get from their employees, then probably not. A growing number of organizations are questioning the value of longstanding HR processes, including the annual performance review. Instead, they’re taking on a different approach: The next generation of performance management principles. It focuses on ongoing performance management, employee contribution and engagement.