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Performance Management Software: The Future of Work

Businessman using employee performance review software on multiple devices.

What mea­sures are you putting in place to attract and retain the next gen­er­a­tion? Evi­dence sug­gests you should start with your employ­ee appraisal software

We’re all look­ing for ways to attract and retain young tal­ent, while keep­ing them engaged and focused. There are a lot of ques­tions to con­sid­er in this regard, but accord­ing to a new employ­ee expe­ri­ence study by Adobe, tech­nol­o­gy such as employ­ee appraisal soft­ware is crit­i­cal when it comes to build­ing a pos­i­tive employ­ee expe­ri­ence. In fact, the study showed that 50% of the recip­i­ents rat­ed work­place tech­nol­o­gy as more impor­tant than perks such as cut­ting-edge office design and free food. For this rea­son, tech­nol­o­gy has been termed the future of work’.

Below, we’ll look at the best and most notable ways in which per­for­mance man­age­ment soft­ware could make a dif­fer­ence to your busi­ness, lift­ing lev­els of employ­ee engage­ment, morale and productivity.

Per­for­mance man­age­ment soft­ware can improve col­lab­o­ra­tion, team­work and communication

Accord­ing to Gallup, what your per­for­mance man­age­ment sys­tem needs most — and what your com­pa­ny tru­ly needs to suc­ceed — is a mix­ture of col­lab­o­ra­tion, team­work and com­mu­ni­ca­tion.

Of course, per­for­mance man­age­ment soft­ware isn’t essen­tial when it comes to encour­ag­ing these three ele­ments, nor does it guar­an­tee an improve­ment in these areas. Hav­ing said that, soft­ware like this can be a great tool, if you use it well. Per­for­mance man­age­ment soft­ware facil­i­tates real-time com­mu­ni­ca­tion and col­lab­o­ra­tion between col­leagues. It can be used to solic­it and deliv­er feed­back, as well as man­ag­ing one-to-one meet­ings. Busi­ness are chang­ing at a much faster rate these days so com­mu­ni­ca­tion is more impor­tant than ever When con­sid­er­ing per­for­mance man­age­ment soft­ware, be sure to find one that pri­ori­tis­es and facil­i­tates in-per­son con­ver­sa­tions rather than just form filling.

Per­for­mance man­age­ment soft­ware can help you tran­si­tion away from annu­al reviews

You’re prob­a­bly aware that most com­pa­nies are say­ing good­bye to the tra­di­tion­al annu­al per­for­mance review. They’re a huge drain on time, with the aver­age man­ag­er spend­ing more than 200 hours a year on activ­i­ties relat­ing to the annu­al per­for­mance review. To make mat­ters even worse, 90% of HR lead­ers believe annu­al appraisals don’t yield any valu­able data. So, in this new world of con­tin­u­ous per­for­mance man­age­ment, the right per­for­mance man­age­ment soft­ware can help us with the transition.

If you’re look­ing to change your per­for­mance man­age­ment sys­tem, it will do you no good to hold onto your out-of-date and ill-fit­ting soft­ware. Opt instead for pur­pose-built con­tin­u­ous employ­ee appraisal soft­ware that will help you sched­ule and man­age one-to-ones, mon­i­tor SMART objec­tives and allow for in-the-moment feed­back. Our own Clear Review soft­ware is the sim­plest per­for­mance man­age­ment sys­tem in the world and also includes video tuto­ri­als on key per­for­mance man­age­ment skills.

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Per­for­mance man­age­ment soft­ware can help you focus on what real­ly matters

HR has always had a fix­a­tion on fig­ures; data tends to rule the HR world and this has been the case for a long time. After all, with­out data, how can we real­ly know whether employ­ees are per­form­ing to stan­dard, whether they are improv­ing, or how to inspire greater lev­els of productivity?

That said, we pre­dict that the type of data focused on will change great­ly in the com­ing years. In fact, we believe this so much that we have stat­ed it is one of the top per­for­mance man­age­ment trends of 2018. As we move toward the con­clu­sion of anoth­er decade, the focus on per­for­mance man­age­ment data will shift from com­ple­tion rat­ings to man­ag­er impact.

This means we are going to have to track new infor­ma­tion, such as the fre­quen­cy and qual­i­ty of one-to-ones being held between man­ag­er and employ­ee. Data will also need to be col­lect­ed on how fre­quent­ly feed­back is being giv­en and how employ­ee morale and per­for­mance are influ­enced by these meet­ings. Per­for­mance man­age­ment soft­ware can help you with this data, giv­ing you the insight you need to know where to focus your efforts with­in the organisation.

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Although we believe it’s a great idea for busi­ness­es to adopt more mod­ern per­for­mance man­age­ment soft­ware, we need to remem­ber that peo­ple are always at the heart of your suc­cess. This is some­thing we keep in mind at Clear Review, and some­thing we design into our prod­uct. More than any­thing, what will ensure great suc­cess in your com­pa­ny is a focus on employ­ee engage­ment, expe­ri­ence and satisfaction.

If per­for­mance man­age­ment soft­ware is the future of work, we at Clear review can help your busi­ness to suc­ceed. We’ll show you how to rev­o­lu­tionise your per­for­mance man­age­ment sys­tem and how to pre­pare for the influx of Gen­er­a­tion Z. View a 7 minute demo now.