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Employee performance management is the process of providing feedback and guidance to staff to improve productivity. An employee’s performance is evaluated and compared against set goals to measure improvement. Performance reviews also identify an employee’s strengths and weaknesses so managers can determine career development and training needs. When employee performance is optimized, the strategic goals of an organization are achieved.
Employee performance management is different from performance management software, which automates an organization’s performance review process.
Performance management software helps companies automate their employee review process. Ideally, it automates with your employee records database and ensures goal accountability. Tracking employee performance with software eliminates manual, paper-based processes.
The best employee performance management software options are part of a payroll and HR platform. This design provides an all-in-one approach to employee lifecycle management.
How does performance management software work? A typical process involves automation of the following steps:
All of these steps are automated and tracked in the performance management software, which increases accountability.
Mid-size organizations need to use performance management software because it supports long-term growth and success. The best employee performance review software options provide detailed insight into an employee’s performance.
Managers can then make decisions around compensation, career development, and job responsibilities. Performance management software allows businesses to create strategies that will increase productivity and decrease turnover. This approach has a positive impact on a company’s bottom line.
Our employee performance software is part of our all-in-one payroll and HR platform, automating the entire employee lifecycle. You can quickly see an overview of employee reviews and goals that are due/overdue, in progress, or require approval from the performance management dashboard. This instant access allows for immediate action to be taken and ensures a streamlined employee performance management process. With our performance management workflow: