Using HR Technology to support performance management plans
One of the most time-consuming tasks undertaken by HR teams is the traditional ‘annual performance review’; a task which traditionally involves copious amounts of paperwork.
But as HR technology has evolved, so have performance reviews.
Businesses are moving away from the typical ‘annual review’ model in favour of incorporating an ongoing performance management agenda – using HR systems to implement continuous performance management as part of a more effective talent management strategy.
But what does this mean in practice and how can HR departments improve their employee feedback processes?
HR performance reviews have changed significantly in recent years. Gone is the old paper and pen-based discussion model, and in its place, is a new, more efficient style of employee analysis – a system which can not only track employee performance levels and set expectations but can pinpoint high achievers in real time, as well as spot key talent deserving of promotion or future leadership opportunities.
Companies of all sizes can benefit from ongoing performance management
At its core, an effective performance management plan should incorporate performance tracking results, support individual career development paths, set expectations and improve overall communication between line managers and employees.
While this approach may at first glance, seem relevant only to large multi-national corporations, we believe it’s a flexible employee management solution which can work for companies of all sizes.
For example, smaller organisations looking to grow will need to have a strong insight into their employees if they wish to achieve further success. And those working alongside remote teams could also benefit from using software to track performance levels.
What HR software would help me to track employee performance levels?
Depending on your business goals, you may wish to consider investing in an HRIS which features a talent management suite. This will allow you to combine all of your performance management related tasks simultaneously.
Whether you are looking for something which links in with your recruitment and onboarding activities (e.g. Saba or Cornerstone), or simply something that supports your employee engagement, there is a piece of software suitable for most business types.
One vendor that is challenging the talent and performance management market is Clear Review. They have developed their software to allow managers to provide instantaneous feedback to employees through ‘check-ins’. In a world where employees have begun to expect instant feedback thanks to platforms such as Facebook or Instagram, this may be of interest to many companies.
However, every vendor has its strengths, and if you are keen to incorporate a new talent management system into your overall business strategy, our trained advisors can work with you to understand your business needs and make suitable recommendations specific to your goals.
What business benefits should I expect from this?
There are numerous benefits to investing in a strategic performance management plan – for a start, using dedicated software will make the performance review process much less painful!
Using dedicated tools will allow you to store all employee data (much of which will be confidential) in one secure location, while you can also automate regular status reports to help managers keep track of employee performances.
On a business level, you should begin to notice improved employee motivation too, as staff will begin to understand how their performance goals fit into your overall business strategy.
This will lead to more cohesive working as employee’s band together to work more effectively as a team. You can also use your employee-analytics to fully understand why certain people are outperforming others – for instance, use your analytics to track which teams are the most productive, or who have benefited the most from any training programmes.
These analytics can be reported in numerous ways, and you can use this data as evidence to make informed business decisions.
Individual productivity should also benefit from a boost. This is usually down to better communication between line managers and staff but could also be because staff felt more valued and prepared to work harder if they know that their hard work will be recognised – and rewarded.
If you would like to understand how performance and talent management systems can work in your organisation, give one of our dedicated advisers a call.
As dedicated HR professionals, we understand what you are looking for, and because our advice is fully independent, you can be sure that we can recommend the right software for your business needs