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How does Continuous Performance Management improve business productivity?
Blog //17-02-2016

How does Continuous Performance Management improve business productivity?

by Amanda Grant, Chief Product Officer

Per­for­mance man­age­ment soft­ware allows organ­i­sa­tions to mon­i­tor and improve employ­ee per­for­mance at indi­vid­ual and team lev­els. The right per­for­mance man­age­ment soft­ware will also increase employ­ee engage­ment by giv­ing employ­ees own­er­ship of their own objec­tives and per­son­al devel­op­ment and enabling reg­u­lar, in-the-moment feed­back to be giv­en. And research has shown that organ­i­sa­tions with engaged employ­ees are more pro­duc­tive and prof­itable.

Sweep­ing changes to per­for­mance man­age­ment by influ­en­tial organ­i­sa­tions in 2015 and cur­rent per­for­mance man­age­ment trends of 2019 indi­cate that improv­ing per­for­mance man­age­ment is a top pri­or­i­ty for many com­pa­nies. If you want to improve employ­ee per­for­mance and trans­form stale offices into high­ly pro­duc­tive gold mines, then it’s time to re-eval­u­ate your approach to per­for­mance management.

Let’s take a look at how an inno­v­a­tive per­for­mance man­age­ment soft­ware sys­tem can help to sup­port these lat­est per­for­mance man­age­ment trends and improve your busi­ness’ performance:

Employ­ees set SMARTer Objec­tives and man­age their Per­son­al Devel­op­ment Plans

Per­for­mance man­age­ment soft­ware makes the process of set­ting objec­tives a more col­lab­o­ra­tive and effec­tive process. It enables employ­ees and man­agers to work togeth­er to agree SMART objec­tives and ensures that they align with the company’s over­all goals. Employ­ees can add progress updates to their objec­tives so that they can keep track of their progress and achievements.

Per­son­al devel­op­ment plans can also be man­aged using per­for­mance man­age­ment soft­ware. Per­son­al devel­op­ment is a dri­ving force for improved employ­ee per­for­mance and engage­ment. Great per­for­mance man­age­ment soft­ware encour­ages employ­ees to update their own per­son­al devel­op­ment plans, which HR can eas­i­ly report on in order to plan train­ing and devel­op­ment across the organisation.

Man­agers can cap­ture Action Points from Check-Ins

Paper notes tak­en dur­ing reg­u­lar check-in meet­ings can eas­i­ly wind up filed away some­where out of sight or just mis­placed. By using per­for­mance man­age­ment soft­ware with inte­grat­ed check-ins, man­agers can cap­ture key action points and notes online. These can be accessed by both the man­ag­er and the employ­ee so that they can review what was dis­cussed. Per­for­mance man­age­ment soft­ware can also send out email reminders about any points that need to be actioned.

Whole teams can gain Real-Time feedback

Per­for­mance man­age­ment soft­ware allows feed­back to be giv­en instan­ta­neous­ly, right after an event has occurred, a key ingre­di­ent of con­tin­u­ous per­for­mance man­age­ment. Feed­back can be giv­en by man­agers or co-work­ers and a good sys­tem will ensure that feed­back is struc­tured in a way which ensures it is either pos­i­tive or con­struc­tive, max­imis­ing its impact. Gen­er­al Elec­tric is one of the lead­ing com­pa­nies to have intro­duced a feed­back app which acts as an online note­book for man­agers and col­leagues to give feed­back and pro­vide com­ments for oth­er team members.

Improve col­lab­o­ra­tion amongst teams

Per­for­mance man­age­ment soft­ware is increas­ing­ly mod­el­ling itself on social media, inte­grat­ing user-friend­ly inter­faces and mobile-friend­li­ness to improve col­lab­o­ra­tion between teams. Mod­ern per­for­mance man­age­ment soft­ware can be accessed from any smart­phone, tablet or desktop.

Improve HR efficiency

Stor­ing all of the company’s infor­ma­tion about their employee’s per­for­mance on a cen­tralised, online sys­tem allows for faster, more accu­rate per­for­mance man­age­mentHR can export per­for­mance data and down­load it into an excel spread­sheet, giv­ing them vis­i­bil­i­ty of how fre­quent­ly check-ins are tak­ing place how objec­tives are pro­gress­ing across the organisation.

Secure, backed up data

Gone are the days of paper-based reports rammed into fil­ing cab­i­nets. Per­for­mance man­age­ment soft­ware allows data to be accessed 247 on the cloud. At Advanced, we use the lat­est data encryp­tion tech­nolo­gies and we back­up data every sec­ond to ensure com­pa­ny and employ­ee data is safe and secure.

Per­for­mance Man­age­ment Soft­ware is the future

Com­pa­nies are increas­ing­ly recog­nis­ing the impor­tance of hav­ing an effi­cient and stream­lined per­for­mance man­age­ment process to improve employ­ee and over­all busi­ness performance.

We are see­ing a major shift in the indus­try, and as per­for­mance man­age­ment con­tin­ues to change, so must the tech­nol­o­gy solu­tions that sup­port it,” says Kather­ine Jones, Ph.D., vice pres­i­dent, HCM Tech­nol­o­gy Research at Bersin by Deloitte.

She adds that: ‚ÄčOrga­ni­za­tions today have a need to pro­vide ongo­ing feed­back, a link between indi­vid­ual goals and com­pa­ny-wide objec­tives and a mul­ti-dimen­sion­al view of employ­ee per­for­mance. It’s excit­ing to see solu­tion providers offer fea­tures that sup­port those activities.”

Inno­v­a­tive and thought­ful per­for­mance man­age­ment soft­ware sys­tems are an inte­gral part of devel­op­ing effi­cient teams and suc­cess­ful organisations.

 

Take a look at Advanced Clear Review’s con­tin­u­ous per­for­mance man­age­ment soft­ware to see how it can improve pro­duc­tiv­i­ty in your organ­i­sa­tion. Book a demo now with a mem­ber of our team. 

Blog Clear Review Human Resource Blog
Amanda Grant

Amanda Grant

PUBLISHED BY

Chief Product Officer

Amanda joined Advanced in 2018 and was promoted to CPO in 2019 following a successful stint as Product Strategy Director, being responsible for the correct investment decisions.

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