PerformanceManagement
Align employee performance with company goals
Performance Management is an intentional path to aligning employee performance and work ethic with organizational objectives and values. It keeps an open line of communication between you and your employees throughout the year. It clarifies expectations, sets objectives, provides feedback, and reviews progress. Our module makes it easy to create and execute programs that facilitate the development and retention of your top-performing employees.
IDENTIFY TRAINING NEEDS
Whether your employees need to brush up on a skill or get up to speed with new trends, performance management and regular reviews can help identify any shortcomings or future training requirements.
BOOST EMPLOYEE MORALE
Everyone likes to be recognized for a job well done! In fact, 69% of employees say they would work harder if they felt their efforts were being acknowledged. Performance reviews are the perfect setting to formalize and document praise. You can set objectives for the coming quarter and allow managers to recognize individuals on their team.
RECOGNIZE EMPLOYEES UP FOR PROMOTION
Regular reviews are great for understanding your employees’ performance and their suitability for promotion or salary increases. Having a standard performance review process across departments ensures that employees are evaluated equitably. It allows for more transparency and fairness in the selection process.
SUPPORT WORKFORCE PLANNING
Frequent performance reviews can help with workforce planning. Discussing your employees' current workloads can help identify work overload and potential future staffing requirements. If your employees are struggling with their existing workloads, you can use these discussions to prioritize important tasks and reassign them to other team members.
INCREASE STAFF RETENTION
Did you know that companies that implement regular employee feedback have lower voluntary turnover rates? This feedback can be collected through frequent review sessions where employees can raise their issues. By hearing their concerns, you can resolve and implement their feedback proactively. These sessions ensure your employees' voices are acknowledged and regularly addressed. By adopting this method, you will nurture a workforce of happy employees and reduce turnover by 14%.
DELIVER GREATER EMPLOYEE AUTONOMY
Employees who understand the company's primary objectives are relatively free to make their own choices on how to achieve their duties. They are more committed, more productive, and more loyal than those whose every action is dictated. Regular review sessions foster a culture of trust and initiative amongst your employees—a culture where ideas and creativity flow freely between the employees and their managers.