(From Business Wire) -- Lumesse, a global leader in integrated talent management solutions, today announced the results of its Performance Management Assessment Tool, which reveals companies in North America as overall global leaders in employee performance management.
Based on assessments by 500 business and HR executives in 44 countries worldwide, the results, available at www.lumesse.com/be-inspired/insight-library/fill-the-form?pid=13957 , highlight the contrasts between North America, Europe and Asia Pacific when it comes to the maturity of employee performance management processes. The report also details five key areas, based on real-world feedback from the best practitioners, where companies can make the most noticeable improvements in performance management. Areas examined included key processes such as the use of cascading goals, the identification of career plans, links between pay and performance, and good use of financial metrics.
North American companies came out on top at every basic performance management practice; other regions had much more variable results. In the UK, for example, 37% of organizations had cascading goals for the majority of employees -- the second highest of all regions -- but the UK proved to be the least effective at providing financial metrics. Meanwhile, Germany, France, Italy, Benelux and Scandinavia were above the global average (32%) in terms of providing career goals and linking these to financial metrics (19%), but still struggled to make a connection between pay and performance -- all falling below the global average (24%).