The field of performance management is experiencing a transformation. This transformation is focused on creating new methods that emphasize coaching dialogue instead of performance ratings, rewarding employees more informally and frequently, and being transparent about how staffing and pay decisions are made. However, these changes can be concerning for compensation professionals as they can directly impact processes used to allocate pay and rewards. This white paper discusses the changing world of performance management, the challenges it creates, and the necessity of proactively implementing strategies to overcome these challenges.

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