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Why Automation is need of a hour?
The goal is to identify and retain top performers while at the same time streamlining the entire performance-appraisal process so that it is more automated and integrated with other talent functions. Despite these challenges, HR executives already have amassed a number of best practices relating to the execution of effective performance management solutions within their companies
Turn your organization into rich talent pool; make corporate culture from a best effort to a results-driven culture that is constructive, goal focused, helpful, and collaborative rather than judgmental, punitive, and destructive. This will help you turn your organization into world class leadership practice rather just a normal review practice i.e. help you use performance management to make a real difference in enhancing performance, building talent, and driving the business forward
Core Components
• Performance Review Management: A systematic tool for automating the performance-review process for managers and employees at all levels, ensuring a consistent methodology is used across the enterprise.
• Goals Management: A mechanism for creating, communicating and tracking corporate goals companywide.
• Competency Management: A library of role-based competencies, associated behaviors and development needs.
•180/ 360-Degree/Multirater Tool: A device available to managers and employees for capturing multiple inputs to the performance-review process.
• Analytics and Reporting: Diagnostic tools for the collection and analysis of companywide information needed for strategic performance management decisions
Consider the benefits of automation to save money and resources and optimize process
More and more organizations are relying on innovative technology solutions to implement best practices and automate painful manual processes. A move to web-based, on-demand technology is making these systems affordable, regardless of the size of an organization, with quick implementation schedules, no IT support requirements and automatic upgrades.
An automated system can ensure that the performance management process is built around world-class best practices, easy to complete, efficient and consistent across an organization. Necessary visibility into organizational and departmental goals is simplified, as is access to necessary data to support accountability, consistent standards. In addition, technology enables companies, managers and employees to address many of the issues discussed.