Onboarding applications for business have had a big impact on organizations that use them well. Companies that have comprehensive onboarding programs perform better, have more productive workforces, and enjoy lower turnover than their competitors.
Human capital management pros have been trying to “fix” performance and goal management for decades, with little success. The drumbeat for doing away with annual reviews reached a fever pitch when, by the end of 2015, 6% or more of Fortune 500 companies abolished their yearly evaluations.
Compensation pros face many challenges, some of which can make or break an organization. Among them are alignment to business goals, managing risks, and employee communications.