Performance Management

How Continuous Performance Management Can Inspire For Great Performance With fairness and accuracy

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Annual performance reviews and bell curve are not effective in today’s millennials & business context!

How continuous performance management can inspire great performance with fairness and accuracy?

  1. Connect your employees with organization strategy and goals with multi-section performance management (objectives, core values, competencies, and behaviors)
  2. Improve the daily progress & achievements visibility of goals 24×7, 365 days anywhere, any device
  3. Managers can provide directions continually to employees to perform better with coaching, feedback, mentoring, support and reward badges
  4. Cascade goals to every employee using top management’s goal library as per department & role
  5. Provide smaller milestones, sub-goals & initiatives to break-down objectives with continuous updates provision
  6. Increase employee engagement and drive continuous performance management by parallel performance ratings by employee and manager from day one of goals
  7. Align workforce with the company, objectives using SMART goals, Balanced scorecard, KPA/KPI/KRA and MBOs
  8. Enable the informal conversation in review process between employee and manager and capture history of updates and accomplishments
  9. Collect the feedback on performance & behavior from inside and outside the project team (360, linear, matrix reporting, target individuals)
  10. Anniversary, financial and calendar year appraisal cycle models to effectively administer your salary increase budget outflow
  11. Visually access and compare the core values, job-specific and behavioral competencies
  12. Identify top performers and plan for leadership pipeline by 9 box grid comparisons
  13. Analyze the attrition risks Vs loss before promotion and succession decisions
  14. Grow talents using SMART plan libraries for IDPs (Individual Development Plans), Team development, Succession, Career development and Performance improvement plans

Check out how Skills2Talent continuous performance management cloud software can inspire for great performance with fairness and accuracy

If you have any feedback, suggestions, questions please feel free to post here. I am happy to assist/respond to you.

This article was first published in our blog Skills2Talent

Sincerely,

Vaidyanathan Ramalingam |  vaidya@skills2talent.com  |  www.skills2talent.com

 

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skills2talent

India's first & exclusive talent management software

7 thoughts on “How Continuous Performance Management Can Inspire For Great Performance With fairness and accuracy”

  1. Very True, in this challenging environment, the HR Professional should use good tools as suggested n focus on executing Top driven Organisational objectives to the bottom line of hierarchy by consistently monitoring the parameters on monthly basis.

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