Performance management or performance review of employees is a very laborious task. Yet, you have to carry that out on a scheduled basis in order to monitor employee performance. You have surely come across situations where you have tried to motivate team members in setting their own personal goals which have contributed to the goals of the team. In this way you have been able to track individual progress which has been followed by reviews and fresh goal setting if necessary.
Till some time back, many organisations used to conduct performance reviews on paper. In general, there are two main ways for managing talent:
The majority view is still in favour of annual appraisals where an employee’s performance review is held once a year and based on his / her performance future targets are identified. Continuous performance management is a process where the performance of an employee is regularly monitored to improve upon present performance.
Have a look at this question from Quora: Query
Advantages of Employee Appraisal System:
An employee appraisal system is a continuous process where objectives of employees are set, progress monitored, results evaluated and performers rewarded after conducting appraisals. This also helps in identifying resources whose performance is not upto expectations. They are put through performance improvement plans in order to better their productivity and be of constructive use to the organisation.
Quora has an answer to a related query: Question
Performance Review and HR Management Software:
The ever widening reach of the HR Management Software has seen the Employee Appraisal system being made a part of the larger HR Management Software system. HR Management Software vendors have developed flexible systems to incorporate performance review processes in their tool. Performance programs are shared between an employee and his / her manager. These details are made available within the system so that both the employee and reporting manager can analyse and monitor the progress made by the employee.
The organisational goals and individual milestones defined for employees are tracked throughout the appraisal period through the system. The software has features which help in assessing employee performance with respect to the set goals. This helps in bringing transparency to the entire system as each employee knows what is expected of him and strives to better his / her performance. This in the long run helps in achieving and bettering organisational goals.
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We, at Vyrazu Labs have developed an HR Management Software, appropriately called HRMS.
This is in addition to the other software products developed by our organisation. HRMS is available at enterprise software section, since it is cloud based. Organisations like yours have been kept in mind while designing and developing this system. So, you can have a look at our web series if you want to see how the product looks like. If you want a demo of the product kindly fill up the form below. All pricing details have been mentioned in the pricing page. Lastly, if you are heading a small organisation of 4 / 5 members you can have free access to this tool for 3 years. So, do get in touch.