10 Performance Management Trends of 2022

10 Performance Management Trends of 2022

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1. Millennials will take the lead

This might not be a new topic as a performance management trend, as it has been discussed for some time now, but 2022 is no different. Companies need to be adapting to generational differences.  Millennials will become the largest percentage of the workforce in the U.S. This means more millennials will be taking leadership roles

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1. Millennials will take the lead

According to a study commissioned by Mark Emmons & Millennial Branding, 27% of millennials are already managers, 5% are in senior management, 2% are executives. In 10 years 47% want to be managers, 7% want to be executives and 15% want to be business owners.

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2. Expect job-hopping

With the increasing number of millennials entering the workforce, prepare yourself for job-hopping. On average, millennials are staying 2 years at a company before leaving.  Employees are more likely to stay if they’re surrounded by like-minded people. Invest time to create an amazing company culture to improve the situation.

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3. Work with freelancers

In 2022 prepare to work more with freelancers. In the U.S. alone 53 million people are freelancing. That’s 34% of the entire workforce and millions more will likely follow. For companies, it might be great news.  Hiring temporary workers is cheaper, provides flexibility and access to specific skills. All this thanks to technology. 69% of 

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3. Work with freelancers

freelancers say that technology has made it easy to find freelance work.  It would be in your best interest to offer some sort of online workspace for your remote freelancers to get on board seamlessly with your team.

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4. Mobile takes over

Within the next few years, the productivity industry will take up speed. Team management will be done more via mobile.  For quite some time, the mobile industry has revolutionized how people live, now even more how they work. 62% of employees claim that mobile access to team information is essential for productivity. 46% say the use of mobile devices reduces 

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4. Mobile takes over

the time it takes to do the job by an average of 30 minutes.  Partly because of the hectic lifestyle of constantly moving around and partly due to the need to be connected with the world, mobile apps are a great way to keep an eye on your workforce wherever you are. Moving team management into mobile gives you the opportunity to consume 

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4. Mobile takes over

information when it's suitable for you. Whether standing in a long line at the local coffee shop or flying from one meeting to another.

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5. Annual performance reviews will lose its importance

Make continuous feedback the focus of your performance management efforts. Perhaps it's time to ditch annual performance reviews all altogether.  Do you know what your employees really think of your managerial style? Do you offer enough praise throughout the year, or do you just cram in all your efforts when your review is approaching? 

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5. Annual performance reviews will lose its importance

95% of employees are dissatisfied with their companies appraisal system. Yet it’s often the only channel of feedback. Nonetheless, 65% of employees state they need and want more feedback.

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6. More emphasize on goal alignment

In 2022 we'll see a growth in companies experimenting with the OKR, Objectives and Key Results methodology. As people are putting more emphasis on linking personal plans and the growth of company goals, the OKR is a great technique for goal alignment. The new generation of tools helps managers set goals, 

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6. More emphasize on goal alignment

connect these with personal, team and company objectives and track their progress.  The technique is already used all across Google. It has also helped LinkedIn propel to a $20 billion company.

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7. Welcome visual dashboards

As the tidal wave of information grows above our heads, as a performance management trend in 2022, it's time to say bye to lengthy word files and hello to dashboards. TV Dashboards turn big data into smart data.  So, it's time to put more emphasis on information visualizations. Turn your team data into a landscape that you 

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7. Welcome visual dashboards

can explore with your eyes and get a quick overview.  In Weekdone, we have developed team dashboards that show company-wide trends, but also team-members' personal performance with a blink of an eye.

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8. Transparency in leadership

Transparency has been growing as a performance management trend over a couple of years now. So polish your skills of honesty and transparency, which will be the most valued leadership traits in 2022 and onward.  52% of Gen Z’s and Gen Y’s state that the most important quality for being a good leader 

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8. Transparency in leadership

is honesty and transparency. Therefore, companies need to start embracing these qualities more.

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9. Employee happiness

To tackle the U.S. employees' stagnating engagement, it's time to measure employee satisfaction and set employee happiness KPIs. According to Gallup, 52% of American workers are not engaged in their work, while another 18% are “actively disengaged.”  This disengagement costs U.S. businesses $450 to $550 billion 

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9. Employee happiness

in lost productivity per year. To conquer the tipping point in employee engagement, it's about time to have happiness KPI next to your sales KPIs.  In 2022 measure your team-members job satisfaction regularly. Take immediate action whenever you see the indicator drop suddenly. If you're using Weekdone 

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9. Employee happiness

progress reports, encourage your team to use the happiness ratings to evaluate their weekly happiness and job satisfaction on a scale of 1-5 stars.

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10. Remote working

It's quite likely that during the next year you'll have at least 1 remote employee in your team.  Flexible workplaces will become pervasive. In a short period of time, the proportion of people working from out of office has already grown by 80%. In the U.S. 34 million people work in remote teams. 

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10. Remote working

This number will swell to 63 million by 2016.  This means your company needs to expand the digital footprint and harness new social technology. With remote teams, technology must become your best friend.

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