Many companies want to establish a culture of innovationone that will encourage flexibility, creativity and support risk-taking. The benefit? Breakthrough products, a superior customer experience and an agile response to market challenges. The most effective innovation strategies focus on people and talent management practicesincluding that of performance managementplacing HR in a unique position to enhance (or hinder) innovative behaviours and practices within an organization.

But what is happening in organizations today, and what is HR’s rolespecifically the People and Performance functionin not only supporting, but also driving, a culture of innovation? Via the results of our Global HR Innovation Survey we investigated:  

  •       the effectiveness of current talent management practices in driving and supporting innovation
  •       how prepared HR is to meet the future talent needs of the business

In this report, we specifically focus on the challenges People and Performance functions are facing in establishing a culture of innovation through their performance management practices, and their current effectiveness in driving enterprise-wide innovation. We also discuss some of the shortfalls being faced in this area and provide practical advice for how HR professionals can close the gaps.