The advantages of employee performance management (EPM) are widely recognized today. Thousands of companies have implemented EPM systems— enhancing their employee performance appraisals and assessments, and obtaining greater strategic value out of their HR divisions. This is why more than 90 percent of HR professionals rate EPM as a top priority. Yet considerably fewer have EPM systems deployed within their organizations.
For many years, colleges and universities have run seemingly immune from the financial reality dragging down the federal and state governments that help fund these institutions. Tuition and costs have increased at rates far exceeding inflation, and universities have largely escaped significant budget cuts. That era has come to an end.