An effective performance management process can help leaders face rising pressures to engage talent more effectively and efficiently, execute better on business strategy, and do more with less to remain competitive. Yet traditional performance management practices continue to fall short through unclear expectations, infrequent feedback, and biased evaluations. A Gallup study shows that only one in five employees strongly agrees that the way they are managed motivates them. Many companies cite performance management as a waste of time, and some, like Adobe, General Electric, and Netflix, are actively taking steps to overhaul existing processes.