Why Continuous Performance Management?

Shivani Panchal Updated by Shivani Panchal

Continuous performance management (CPM) is a process of regularly evaluating and measuring employee performance, rather than just once a year. It's about having ongoing conversations with your manager and setting goals together, so you can stay aligned with company objectives and continuously develop your skills.

Why is CPM important for employees?

There are many benefits to CPM for employees, including:

  • More timely and actionable feedback: With CPM, you receive feedback on your performance more frequently, rather than waiting for your annual review. This means you can address any issues or areas for improvement sooner, and make progress towards your goals faster
  • Stronger relationships with your manager: CPM is a collaborative process that involves regular check-ins and conversations with your manager. This can help to build trust and rapport, and create a more supportive work environment
  • Increased sense of purpose and motivation: When you have clear goals and objectives, and you're regularly receiving feedback on your progress, it helps you to feel more motivated and engaged in your work
  • Better opportunities for development and advancement: CPM can help you to identify your strengths and weaknesses and develop a plan to further enhance your skills and knowledge. This can make you more competitive for promotions and new opportunities

Check out our presentation on: Continuous Performance Management - What's In It For Me?

What evidence is there on CPM?

A study by Deloitte found companies that have implemented CPM have seen a 15% increase in employee engagement, a 10% increase in employee productivity, and a 7% increase in revenue.

Another study, by HR Dive, found that 82% of employees believe that CPM is more effective than traditional annual performance reviews.

Real-life examples of CPM

  • Sundar Pichai, CEO of Alphabet: Pichai is known for his focus on continuous learning and development. He regularly meets with his team to discuss their goals and progress, and he provides feedback on a regular basis.
  • Bill Gates, co-founder of Microsoft: Gates is known for his high expectations and his focus on continuous improvement. He regularly sets challenging goals for himself and his team, and he provides feedback on a regular basis.

How to adopt CPM?

If you're interested in adopting CPM, here are a few tips:

  • Talk to your manager: The first step is to have a conversation with your manager about CPM. Let them know that you're interested in this approach and discuss how you will work together.
  • Set clear goals and objectives: Once you've agreed to adopt CPM, work with your manager to set clear goals and objectives for yourself. These goals should be specific, measurable, achievable, relevant, and time bound.
  • Have regular check-ins: Schedule regular check-ins with your manager to discuss your progress towards your goals and objectives. This is a good opportunity to receive feedback and make adjustments as needed.
  • Be open to feedback: It's important to be open to feedback from your manager and other colleagues. This feedback can help you to identify your strengths and weaknesses and develop a plan to improve.

CPM is like a continuous buffet of feedback and development opportunities. It's a delicious way to improve your performance and reach your full potential.

So, what are you waiting for? Start adopting CPM today!

Closing thoughts

I once worked with a manager who was a big believer in CPM. He would meet with me every week for a one-on-one to discuss my progress towards my goals and objectives. He would also give me regular feedback on my performance.

At first, I was a little hesitant about having such frequent feedback sessions. But I quickly realized that it was incredibly beneficial. I was able to address any issues or areas for improvement sooner, and I made progress towards my goals faster.

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