What is Performance Management OnLine?
Performance Management Online is an ongoing process that consists of planning and setting company goals, measuring, assessing progress, and obtaining feedback to ensure goals are archieved or measures are taken to improve and enhance by using software instead of a traditional way.
Organizations are increasingly replacing their paper-based appraisal processes with web-based performance management systems.
Why use an online performance management system?
Transactional, ‘core’ HR processes such as maintaining employees’ personal details and leave and absence have been managed online for a number of years now. Organisations are
increasingly looking at how they can streamline other HR processes. Performance management is no exception to this and there are a number of good reasons why you
should consider an online performance review process, including:
Better quality data. Getting meaningful performance data from paper-based appraisal forms is both difficult and time consuming. For example, compiling training needs across a company typically involves reading through every employee’s personal development plan and identifying common needs, which can take days to complete. A good online system will produce data like this at the touch of a button.
Streamlining the process. A paper-based process requires physical forms to be passed around the organisation between employees, managers and HR for completion and signature. Not only is this laborious for staff, trying to keep track of who is at what stage of the process is nigh-on impossible. An online system will offer automated workflows and
approvals, making the process simpler and quicker for employees and managers to complete. As an example, book publisher HarperCollins halved the time taken to complete their annual appraisal process by using plusHR’s online performance system, and achieved
a 98% completion rate in their first year of going online.
Encouraging year-round performance management. Paper-based appraisal processes are
often a once or twice-a-year affair, with objectives locked in a draw and never looked at or updated between reviews! An online performance management system, if set up well, can encourage employees and managers to review performance progress regularly and ensure that objectives are updated to stay relevant throughout the year.
‘Generation Y’ expect everything to be online. The ‘internet generation’, now making up an
increasing percentage of the workforce, typically manages their lives online. Organisations wishing to present themselves as an employer of choice to these individuals will struggle if they are still using paper-based forms, or even Word documents, to manage their processes.
Online Performance Management is everything you need to:
- Talk to your employees about how they are performing against their goal
- Conduct performance review professionally, to keep your employees engaged and motivated
- Automate the process, to make sure you never miss a review or waste time on paperwork
Performance Management Online (PMOL) is a new cloud-based system. Supported by HR Advice Online, it is automated and customisable to your business needs.
Simplify the process. Ask us how.