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While most companies use performance plans to measure their employees’ success, few turn the tables on themselves to measure if those programs are successful, according to a new survey by human resources services firm Hewitt Associates.
Hewitt’s survey of 129 major U.S. companies shows that although they rely heavily on performance plans to determine employee pay increases (66 percent) and bonuses (47 percent), few organizations measure whether those performance plans are positively impacting their business. Instead, many organizations simply measure their success by tracking whether paperwork is submitted on time (44 percent) or if their employees are satisfied with the program (36 percent). Meanwhile, 30 percent don’t measure the success of those programs at all.
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