Posted on 17 Mar 2017
Many companies want to establish a culture of innovation – one 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 practices – including that of performance management – placing HR in a unique position to enhance (or hinder) innovative behaviours and practices within an organisation.
But what is happening in organisations today, and what is HR’s role – specifically the People and Performance function – in 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 PageUp 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.