Does your organization have a performance management solution? Or are you just “doing reviews”?

For many companies, this time of the year is often touted as “the review season”.  The previous year’s financials have been determined and goals for the next year are set.  Managers are juggling their priorities – trying to balance their “real work” with HR pushing them to do performance reviews.  The happiest time of the year – or not, depending upon whether or not like Santa Claus, you have kept a careful list of who has been naughty and who has been nice all year long.

As a human resources manager, you and I both understand the importance of having a strong performance management process in place. Such a process helps align individual goals with overall corporate objectives, reinforces desired behaviors and creates a more engaged workforce. 

But if your company is like many that I speak with, your current performance management system consists of a word processing document that is manually collected by HR.  This no longer needs to be the case.  More and more small and mid-sized businesses are turning to HR technologies to improve their performance management processes. The availability of affordable, web-based solutions automating the performance management process is no longer just for very large employers. 
 
At the senior staff meeting here at Achievant, one of the tasks we are working on is creating our own Performance Appraisal form to use in the Achievant platform for our organization.  And if you think it’s difficult to obtain consensus of an appraisal form in your organization, try getting 5 “HR types” to agree on one to use.  But, we all agree on how important it is. 

Studies show that employees value clear, consistent feedback and acknowledgement as much as they do the money.  For those companies who have invested in a performance management solution, the review season isn’t so bad and provides a number of benefits, including:

1. Recognizes your best performers

  • Actual progress against performance goals is tracked so you can identify who is delivering…and who’s not
  • Reinforces continued positive behavior and set expectations for non-performers. 

2. Provides clarity for employees

  • Set goals, establish timelines, track progress, and identify obstacles to communicate what's expected of them
  • Give employees a clear understanding of their individual goals and how they fit into the bigger corporate picture
  • Provide the link between overall business objectives and employees' day-to-day actions

3. Protect yourself legally

  • Provides documentation  to support employment actions such as termination, demotion, or lack of compensation adjustment

4. Stabilizes your workforce

  • Reduces employee turnover and attrition
Discover how you can put Achievant’s employee performance management automation to work in your organization — and improve your organization’s business performance.

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