Essential Characteristics for Performance Management Software
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When employers in Ventana Research's survey were asked to describe how much confidence they have in their own HR management, they were almost evenly split: 51% expressed moderate or high confidence, while 49% had little or no confidence.
Worryingly enough, when asked about their HR management systems, only 41% say they are satisfied:
- Only 41% respond that they are satisfied or very satisfied with the current system.
- 42% are only slightly satisfied.
- 15% are directly dissatisfied.
- And a further 45% respond that they need new applications to improve productivity and results.
It's no wonder that talent and performance management software is among the most in-demand HR solutions today. After all, these solutions provide a number of benefits, including increased productivity, stronger employee engagement, better alignment between company strategy and employee performance, and better ability to carry out good succession planning.
Whether you're looking for a new performance management software or simply looking to upgrade your current solution, remember this important (and often translated) guideline: Don't compromise usability just to get the features you want.
Of course, the solution you choose must have the right functions. There is no doubt about that. But if the software is difficult to use, employees will avoid it. No amount of training or clever "marketing" can overcome difficult software. In the end, you will not only waste your money, but also disappoint your customers (i.e. executives and employees) and senior management. And you'll be well on your way to losing their trust.
Fortunately, today there is a large selection of robust performance management solutions that mean you don't have to compromise on ease of use. At least not if you do your homework properly and research the options online.
However, when it comes time to consider features, there are a few that top most organizations' lists. Our experience is that these are five functions that must be included:
1. Customizable performance evaluation forms - standardized evaluations are worthless and a waste of time. The same applies to standard software. If a solution does not allow you and your managers to tailor it to your needs, you should move on to another option.
2. Goal management tools - Having the opportunity to manage and follow up specific performance goals is not only wise, it is a prerequisite for any company that wants to be truly performance-driven. A goal management tool that can be used/accessed throughout the year (or the performance cycle) helps to maintain a strong connection between the employees' performance and the company's goals.
3. Logging/Notes Tool - This is a particularly useful feature not only for managers, but also for their direct reports, as it helps keep both parties informed and engaged in ongoing communication about goals, initiatives, areas of improvement, training and development etc.
4. Strong reporting capability - This makes it easy for managers and HR to run performance reports, drive proactive succession planning and share this information effectively with key people, department and function managers and senior management.
5. E-signatures and automated alerts - these are features that make it easier to comply with laws and regulations, simplify administration and make it more convenient - all of which help employees actually like and use the software.
If you're looking for added value, you should explore software that offers these additional features:
2. System for learning administration and integration of learning content
3. Administration of compensation
4. A mobile app
These features are increasingly attractive to organizations that appreciate comprehensive solutions accessible from a variety of devices and technologies. So you no longer have to sacrifice ease of use to get the functions you need in your performance management software. Research the options carefully and you will make the right choice. And even better - you will contribute to your company becoming significantly more performance-driven.
Selecting the right performance management software is crucial for organizational success. With a focus on usability and essential features, IceHrm ensures a performance-driven environment.
