In today's highly competitive market for talent, most organizations have failed to develop even a rudimentary infrastructure to help bind their employees to the organization.
There is an enormous amount of research that has been conducted as to the reasons why employees leave organizations and of top 5 reasons, the three which always appears:
1. I was not appreciated
2. I was not developed
3. There was no career plan
These factors are discussed in this article from the good folks at BNET.
BOTTOMLINE: People performance management is one of the six core areas of business management that was researched, then integrated into the Six Disciplines program and supporting tools and technologies. The other areas include strategic planning, quality control, integrated (organizational learning), business process automation, and measure driven improvement.