As an HR professional, one gets multiple requests from salespeople of HR technology companies to choose their platform over competitors when it comes to Performance Management. Performance management is a process that provides the employee feedback and promotes their effectiveness.
Michael Armstrong, in his Handbook of Performance Management, 2009 described it as “the continuous process of improving performance by setting individual and team goals which are aligned to the strategic goals of the organization, planning performance to achieve the goals, reviewing and assessing progress, and developing the knowledge, skills and abilities of people”. According to BambooHR, 70% of HR professionals feel performance reviews are very valuable, but only 34% of non-management employees feel the same. In the recent years, HR technology systems such as Trakstar, ClearCompany, SuccessFactors, and Namely have helped lift the administrative burden of appraisals from managers but for Performance Management to continue to be effective there are additional factors organizations should consider. Read more