Your Action Plan For Pay And Performance Management In An Agile World

The article discusses an action plan for agile pay and performance management. The focus areas for building the action plan include embracing the revolution, taking the bias out of performance management, getting real with rewards, replacing power with partnership, and shifting to a culture of continuous feedback. The article highlights the need for organizations to develop employees, help them grow, build leadership, and coach humans so they can achieve their full potential. It also emphasizes that a well-rounded performance management solution should shift towards a “pay for capabilities and recognize for contribution” model. The article suggests that performance reviews should be an open, two-way conversation, and organizations should replace power with partnership to democratize performance.