Performance Management

In this fast moving competitive world, performance management is the key to ensure employee productivity in an organization. It provides an objective platform for setting, tracking and appraising employee performance. It helps HR establish an objective performance culture, develop career plans, allocate compensation efficiently and nurture outstanding performers.
Some features include:

• Employees can identify and set goals aligned to corporate objectives, in collaboration with the managers.

• Collecting of feedbacks from various angles is possible thereby making it a 360 degree feedback system which helps to identify leadership potentials.

• Generate on-demand margin analysis report for realistic budgeting.

• Organizational as well as individual performance is aligned through the normalization process.

• Goal status and modifications can be reviewed periodically.

Performance management is sometimes confused with Performance Appraisal, but Appraisal is just the final part of the management cycle. In short, Performance Appraisal is a backward looking process, whereas Performance management is a forward looking process.
Through performance management organisations can align their workforce to goals and objectives, with the power to be responsive to business opportunities and deliveries.