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I'm gonna have to disagree with you on this one Frank; when it comes to HR, old school means performance reviews and performance management, not the absence thereof.
The HR-run system sits atop that daily work. The HR-run systems we have in place are not just ineffective, they're often toxic.
So it turns out that we're mucking it up on both ends of the process. On the front lines, we're not selecting people with a shot at success to be supervisors. We barely train the ones we select and only a fraction of that training concentrates on the simple communication skills necessary to coach, counsel, encourage and correct. We don't hole supervisors responsible for their daily supervision work and we give them no support. Then, we stick some superstructure of an annual one-way system atop the whole thing and expect it to work.