Leveraging HR Software to Improve Performance Management
Performance management is a systematic process by which an organisation involves its employees towards achieving desired goals and objectives. Performance management is one of the ways to realise tangible results, sustainable corporate culture, strategy execution and leadership effectiveness. However, while performance management systems have received a lot attention in the human capital management field the actual mechanism for conducting effective goal setting and measuring employee performance has remained a critical challenge to many organisations.
Performance appraisal is a very important activity of any manager who oversees people in any organisation, public or private, where people are engaged to achieve set goals or tasks and it is a major aspect of strategic performance management aimed at ensuring an effective employee compensation, promotion, sanction and disengagement system. A technology based appraisal model has the potential for making the process a bit easier or less cumbersome regardless of the staff compliment in the organisation. Belina Payroll HR is one of the human capital management software that has a robust appraisal method. You can use Belina Payroll HR to denote a formal record of a supervisor’s opinion or summary of the quality of an employee’s work, his/her potential for development and overall performance against the set goals. In essence it can be used to assess employee’s current and potential performance levels.
The key performance indicators are expressed in more exact terms to facilitate ease of assessment of the quality of job done, the amount of work (quantity) done, whether the job was done efficiently cost saved or within budget, the degree to which schedules and timelines were adhered to, percentage increase in satisfied customers or service complaints), contribution to employee training, among other indicators. Thus, we can say that Performance Management Software acts as a goal tracking software where managers can set and prioritize goals according to employee’s competencies. Leveraging HR information systems for robust framing and tracking of these performance indicators is imperative for achieving the desired goals and effective human capital management.
It is important for the employee to perceive strong ties between performance as measured and the resulting rewards in terms of compensation, promotion, or non-monetary recognitions. This is where HR information systems can assist in a great way. By translating a rating into compensation and by enabling the manager to visually compare such figures as ranking by performance and by salary the electronic appraisal system helps the managers to grade employees consistently according to both performance and policy. In his book Business at the speed of thought, Bill Gates said the application of IT based performance appraisal system helped to reduce the time spent by managers on appraisal administration by at least 50 percent at his company.
Whilst there is a lot that has been written around the employee appraisal topic something that has become apparent is that, getting a Human Capital Management software solution will go a long way in making the process smoother and less cumbersome. Managers can get access to a multitude of reports at the click of a button. With the help of the reports, managers can formulate various talent management strategies for their employees.
By Wadeson Mupudzi