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In the Spotlight: Performance Management that Puts People First : McKinsey & Company , May 15 , 2024

May 15, 2024

McKinsey & Company

From the article: “In volatile times, companies are under outsize pressure to respond to economic, technological, and social changes. Effective performance management systems can be a powerful part of this response. They’re designed to help people get better in their work, and they offer clarity in career development and professional performance. And then there’s the big picture: companies that focus on their people’s performance are 4.2 times more likely to outperform their peers, realizing an average 30 percent higher revenue growth and experiencing attrition five percentage points lower (see sidebar, “About the research”). Companies that focus on their people and organizational health also reap dividends in culture, collaboration, and innovation—as well as sustained competitive performance.”

Authors - Noguera Lasa, Amaia, Pedroni, Andrea, Komm, Asmus, Gallot Lavallee, Simon

Authors

Noguera Lasa, Amaia, Pedroni, Andrea, Komm, Asmus, Gallot Lavallee, Simon

Publishers

McKinsey & Company

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