Some damning information from a recent study published by The Performance Management Institute of Australia.
The study found Australian companies severely lack performance management skills:
Most Australian organisations don't understand what top performance means in relation to their employees.
Performance data is used in only 11.8% of organisations to helpidentify top performers. Also, only 20.6% of organisations usePerformance data for identifying potential successors. Skills andexperience may still be the overriding factors in determining staffperformance, with little consideration given to past Performance data.
Only 38.2% of businesses use Performance data during the recruitment selection process.
These results appear to debunk the talent shortage myth. Australianorganisations are their own worst enemies when it comes to identifyingand therefore retaining their top people and on implementing highimpact succession plans.
So is this unique to Australia or are companies universally poor at identifying top talent? My experience on this one is mixed. I have had some clients who were absolutely brilliant at this and some who were lousy.
I would be interested in hearing your thoughts and opinions on this one either from a recruiter perspective or from an employee perspective.

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