Human resource is the most important resource a company has. It manages other resources and makes the thinking, developing, and execution of plans. When it comes to human management, the HR Team composition is also an important factor in the success of the company, according to Betterworks, which is a software for Continuous Performance Management. Betterworks released the result of their “Betterworks State of Continuous Performance Management Survey” and released three key findings.
The first finding revealed that people managers and HR professionals who are surveyed believe that HR is one of the tools that promote forward-thinking human capital management practices, as well as technology investments. Its second finding is that the makeup of the HR teams is very important and that a C-level leader should support the team and report directly to a CEO to affect change. And last but not least, a “culture of feedback” should be established between employees, managers, and C-level executives.
Betterworks CEO Doug Dennerline states that forward-thinking CEOs should understand the importance of continuously motivating and developing a company’s workforce. This step is crucial in achieving a competitive advantage against its competitors. To be able to do so, hiring strong HR leaders who report to them directly is very essential. The survey also recommends hiring a chief human resource officer or CHRO.
The Betterworks State of Continuous Performance Management Survey was conducted with Market Cube. Nearly 800 employees participated, and are from companies that have 500 or more employees. The respondents are divided into two groups: a group of HR specialists and a group of people managers which serves in non-HR roles. 43% of the respondents from the HR specialists group and 38% of the respondents from the people manager groups are at the director level or above.
Betterworks is a software in which is purposed to develop and activate the workforce for business growth. It aims to get rid of outdated, ineffective, and some universally loathed annual review processes with their Continuous Performance program.