Companies that carry out the continuous management process have a modern and effective approach to managing teams. This process is based on the idea that management should be a constant activity, with frequent feedback, analysis of results and continuous development actions.
There are many advantages. First, it allows managers to closely monitor the performance of their teams and identify areas for improvement more quickly. Frequent feedbacks allow employees to receive guidance and course correction, which helps to improve their performance and increase their motivation.
In addition, continuous management also helps to promote a more collaborative and engaged work environment. By encouraging employee development, companies can increase talent satisfaction and retention, as well as attract more qualified professionals.
According to a McKinsey & Company study, companies that adopt an ongoing performance management approach perform 4.5 times better financially than those that don't.
Another Gallup study found that companies that provide ongoing feedback to their employees have a 14.9% lower turnover rate than those that don't. Additionally, companies that provide continuous feedback to their employees have a 12.5% higher employee engagement rate than those that do not.
