HR tech basics: Breaking down the basics and benefits of a performance management system

Conducting performance reviews and evaluating your workforce is the key to enabling employees to go above and beyond. However, manually tracking multiple performance metrics and reviewing employees multiple times throughout the year is not always sustainable. That's why it's essential to adopt a performance management system that automates and simplifies the entire process. 

What does a performance management system do?

The performance management system is a tech tool that provides HR teams with a variety of features for effortless performance appraisals. Every single step involved in performance management, from conducting self-reviews and tracking goals to supporting feedback exchange and facilitating raises, can be accomplished in just a few steps.

How can a performance management system benefit your organization?

  • Helps employees improve their performance by allowing them to get a clear understanding of their goals and KRAs.

  • Enables organizations to overcome skill gaps by highlighting the skills that employees possess and don't possess.

  • Makes the entire process employee-centric by enabling employee feedback and supporting rewards and recognition.

  • Empowers managers to make fair and bias-free performance decisions by letting them analyze different aspects of employee performance.

  • Takes the administrative burden of running performance reviews off the HR and managerial teams by automating the entire process.

Read more detailed information about the basics and the benefits of a performance management system in our HR Knowledge Hive.


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