Progressive organizations are preparing for unprecedented change brought about by globalization, competition and technology in the new millennium. Competition for top talent has never been greater. The organizations that endure will be those that learn that managing performance of their employees is the equivalent of managing the bottom line.
According to recent research the cost of hiring the wrong person could be as high as ten times their annual salary. While hiring the "right" people is important, promoting the right people is central to the long-term health of an organization.