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How does Continuous Performance Management improve business productivity?

Screen with Improve Your Performance written on it.

Per­for­mance man­age­ment soft­ware allows organ­i­sa­tions to mon­i­tor and improve employ­ee per­for­mance at indi­vid­ual and team lev­els. The right per­for­mance man­age­ment soft­ware will also increase employ­ee engage­ment by giv­ing employ­ees own­er­ship of their own objec­tives and per­son­al devel­op­ment and enabling reg­u­lar, in-the-moment feed­back to be giv­en. And research has shown that organ­i­sa­tions with engaged employ­ees are more pro­duc­tive and prof­itable.

Sweep­ing changes to per­for­mance man­age­ment by influ­en­tial organ­i­sa­tions in 2015 and cur­rent per­for­mance man­age­ment trends of 2018 indi­cate that improv­ing per­for­mance man­age­ment is a top pri­or­i­ty for many com­pa­nies. If you want to improve employ­ee per­for­mance and trans­form stale offices into high­ly pro­duc­tive gold mines, then it’s time to re-eval­u­ate your approach to per­for­mance management.

Let’s take a look at how an inno­v­a­tive per­for­mance man­age­ment soft­ware sys­tem can help to sup­port these lat­est per­for­mance man­age­ment trends and improve your busi­ness’ performance:

Employ­ees set SMARTer Objec­tives and man­age their Per­son­al Devel­op­ment Plans

Per­for­mance man­age­ment soft­ware makes the process of set­ting objec­tives a more col­lab­o­ra­tive and effec­tive process. It enables employ­ees and man­agers to work togeth­er to agree SMART objec­tives and ensures that they align with the company’s over­all goals. Employ­ees can add progress updates to their objec­tives so that they can keep track of their progress and achievements.

Per­son­al devel­op­ment plans can also be man­aged using per­for­mance man­age­ment soft­ware. Per­son­al devel­op­ment is a dri­ving force for improved employ­ee per­for­mance and engage­ment. Great per­for­mance man­age­ment soft­ware encour­ages employ­ees to update their own per­son­al devel­op­ment plans, which HR can eas­i­ly report on in order to plan train­ing and devel­op­ment across the organisation.

Man­agers can cap­ture Action Points from Check-Ins

Paper notes tak­en dur­ing reg­u­lar check-in meet­ings can eas­i­ly wind up filed away some­where out of sight or just mis­placed. By using per­for­mance man­age­ment soft­ware with inte­grat­ed check-ins, man­agers can cap­ture key action points and notes online. These can be accessed by both the man­ag­er and the employ­ee so that they can review what was dis­cussed. Per­for­mance man­age­ment soft­ware can also send out email reminders about any points that need to be actioned.

Whole teams can gain Real-Time Feedback

Per­for­mance man­age­ment soft­ware allows feed­back to be giv­en instan­ta­neous­ly, right after an event has occurred, a key ingre­di­ent of con­tin­u­ous per­for­mance man­age­ment. Feed­back can be giv­en by man­agers or co-work­ers and a good sys­tem will ensure that feed­back is struc­tured in a way which ensures it is either pos­i­tive or con­struc­tive, max­imis­ing its impact. Gen­er­al Elec­tric is one of the lead­ing com­pa­nies to have intro­duced a feed­back app which acts as an online note­book for man­agers and col­leagues to give feed­back and pro­vide com­ments for oth­er team members.

Improve col­lab­o­ra­tion amongst teams

Per­for­mance man­age­ment soft­ware is increas­ing­ly mod­el­ling itself on social media, inte­grat­ing user-friend­ly inter­faces and mobile-friend­li­ness to improve col­lab­o­ra­tion between teams. Mod­ern per­for­mance man­age­ment soft­ware can be accessed from any smart­phone, tablet or desktop.

Improve HR efficiency

Stor­ing all of the company’s infor­ma­tion about their employee’s per­for­mance on a cen­tralised, online sys­tem allows for faster, more accu­rate per­for­mance man­age­ment. HR can export per­for­mance data and down­load it into an excel spread­sheet, giv­ing them vis­i­bil­i­ty of how fre­quent­ly check-ins are tak­ing place how objec­tives are pro­gress­ing across the organisation.

Secure, backed up data

Gone are the days of paper-based reports rammed into fil­ing cab­i­nets. Per­for­mance man­age­ment soft­ware allows data to be accessed 247 on the cloud. At Clear Review, we use the lat­est data encryp­tion tech­nolo­gies and we back­up data every sec­ond to ensure com­pa­ny and employ­ee data is safe and secure.

Per­for­mance Man­age­ment Soft­ware is the future

Com­pa­nies are increas­ing­ly recog­nis­ing the impor­tance of hav­ing an effi­cient and stream­lined per­for­mance man­age­ment process to improve employ­ee and over­all busi­ness performance.

We are see­ing a major shift in the indus­try, and as per­for­mance man­age­ment con­tin­ues to change, so must the tech­nol­o­gy solu­tions that sup­port it,” says Kather­ine Jones, Ph.D., vice pres­i­dent, HCM Tech­nol­o­gy Research at Bersin by Deloitte.

She adds that: Orga­ni­za­tions today have a need to pro­vide ongo­ing feed­back, a link between indi­vid­ual goals and com­pa­ny-wide objec­tives and a mul­ti-dimen­sion­al view of employ­ee per­for­mance. It’s excit­ing to see solu­tion providers offer fea­tures that sup­port those activities.”

Inno­v­a­tive and thought­ful per­for­mance man­age­ment soft­ware sys­tems are an inte­gral part of devel­op­ing effi­cient teams and suc­cess­ful organisations.