Just as much as employers, employees want to know how they’re performing. A clear understanding of the progress they’re making towards goals and objectives fuels their engagement, productivity and wellbeing. It also helps in reducing turnover.
Now more than ever stronger career paths based on understanding and connection between your people and their experience at work matters. Beyond more flexible work arrangements and more safety and security, employees are looking
for work-life balance, career advancement opportunities, fair compensation and continuous learning opportunities.
Performance reviews are a critical part of the employee experience. For the employee, it’s an opportunity to obtain recognition and review compensation. For the employer, it’s a chance to set expectations and deliver feedback.
Here are best practices:
Communicate Regularly
To ensure there are no surprises during the annual review, keep the lines of communication open throughout the year.
Set Clear Expectations
Set and define clear metrics to rate performance and clearly communicate the rating system to employees.
Establish Goals
Creating both short and long-term goals is an easy way to revisit an employee’s performance for the next performance review.
Consider Separating Performance from Comp Discussions
Many employers have found the when compensation increases are an expected outcome from a performance evaluation, the process can become all about waiting for the number.
Create more purposeful and promising paths for your employees.
Retain and develop your best talent and reduce employee turnover.
Benefits of HCM Technology
Custom Rating Capability
The right platform allows you to create the rating system that best fits your organization.
Automation
Annual ratings can be automatically calculated while schedules reminders make it easy to keep track.
Efficiency and Consistency
It reduces the chances of errors and ensures consistency across the organization.
Goal Visibility
Employees can access their goals and performance progress at any time — without having to wait for the big day.
ASK US ABOUT OUR 'PERFORM' SOLUTION:
Performance reviews that help employees identify and improve their skills. It’s easy to monitor and report on performance with flexible cycles that can be tailored to the needs of your organization. Connect individual, team, and company goals to the review and recognize results. Managers and supervisors can use pre-loaded review templates.
360 feedback for performance reviews throughout the year. Share & Perform 360 feedback tool allows you to seek input from all directions, including those inside and outside your company and up and down in the reporting structure. Want to ask a vendor or customer for feedback on an employee’s performance? No problem!
Goal-setting and monitoring, including goals for specific groups, individuals, and the company as a whole. Create workstreams and attach them to goals, or cascade goals down the organization to track the progress from all team members.
Nine box, showing managers and executives who have the most growth, who are showing their potential, and who need to improve. Use this built-in feature to identify star employees at a glance and figure out who may be the best fit for a promotion.
When used together Share & Perform promotes engagement and collaboration among employees and empowers managers to take a more active role in tracking employee progress and performance.
ABOUT SHARE
• A lively feed wall to stay aligned across functions and locations while talking, collaborating, and keeping up with colleagues and projects.
• A personalized dashboard that keeps the most important information right where you need it.
• Pulse surveys, designed to find out what a specific individual, group, or function is thinking and feeling about a particular situation or project.
• Crowdsourcing ideas and watching as good ones take off and go viral with up votes from the entire organization.
• Tools to share ideas and knowledge with other employees across the organization.
• Praise for team members who have outstanding performance. Don’t wait for the annual performance review or quarterly staff meeting to praise your employees who are performing well.
• Rewards and recognition tools that allow your team members to rack up points when they collaborate, share, and help one another. If you want to take the recognition to the next level, award cool stuff to your employees when they achieve true status.
• Gamification elements to keep employees engaged and excited about interacting with one another and moving up the leaderboard.
• Interactive org charts, which provide in-depth insights into the organization’s structure and flow, as well as help employees understand their reporting structure and the structure of those around them.
REACH OUT TO US TO LEARN MORE ABOUT THE BENEFITS AND FEATURES OF SHARE & PERFORM!
