Case Study: Pennrose cuts performance review cycle time in half with 15Five

Pennrose cuts performance review cycle time by 50% with 15Five

Pennrose, an affordable real estate development and property management company, faced fragmented people management processes and a lack of objective data. Their performance reviews were a complex, manual burden, and teams were not aligned with company objectives. They implemented the 15Five performance management platform to address these challenges.

Using 15Five, Pennrose streamlined performance reviews and implemented OKRs and engagement surveys. This allowed them to cut their performance cycle time in half, finishing reviews three months faster and paying bonuses by January for the first time. Furthermore, 100% of teams became aligned to company-wide strategic objectives, and managers gained data-backed insights for more effective conversations.

Pennrose