What Can Clear Review Employee Performance Management Soft­ware Do for My Company

1. WHAT CAN CLEAR REVIEW EMPLOYEE PERFORMANCE MANAGEMENT SOFTWARE DO FOR MYCOMPANY?

2. WHAT CAN CLEAR REVIEW EMPLOYEE PERFORMANCE MANAGEMENT SOFTWARE DO FOR MYCOMPANY? According to recent statistics, a lot of companies have started to move towards incorporating a proper performance management solution in their organization. Trends have shown that companies with a proper performance management system tend to do 30% better than organizations that still carry out traditional annual reviews. Not only that but employees in such an organization are more motivatedand loyalbecauseofthefeelingofimportanceandself-worththeygetafterbeinginvolvedinthe decision-making process. This lets them take the organizational goals as personal goals, allowingthem to work harderinordertogetsomerecognitionfortheir work astherelayofinformationisalotbetter with a performance management system inplace. But before getting into that, let us look at the performance managementdefinition.

3. PERFORMANCE MANAGEMENT SYSTEM Performance management is a continuous procedure of communication between an administrator and a worker that happens consistently, on the side of achieving the key goals of the association.The communication procedure incorporates explaining desires, setting goals, distinguishingobjectives,givingcriticism,andevaluating results. Now let us look at what a performance management system bring to your organization and why you should consider investing intoit.

4. TRANSFER OF KNOWLEDGE One of the biggest and most important elements of a performancemanagementsolutionisthatitisbasedona collaborative style of management rather than having a hierarchy in place. Managers and employees can get together totalk about issues and come up with a solution, this not only allows the problems to be solved fairly quicker buy also let the employees gather valuable information directly from someone more experienced and well-versed then them, whereas, the managerslearn more about the troubles of their employees which helps them in managing thembetter.

5. REGULAR REVIEWS AND APPRAISALS Performance management is based on regularappraisals of employee performance. If you look at the statistics, research has proven thatcompanies who perform appraisals more frequently are likely to generate 30percent more revenue. Regular appraisals not only help in keeping the employee motivated but also helps the organization to keep track of their goals and modify them for the long run if the need arises. This helps the organization keep the goals of its employee in accordance with that of theorganization.

6. IDENTIFYING GOALS AND OBJECTIVES Setting up a SMART goal is one of the key elements of a Performance management system. A SMART goal is something thatis Specific, Measurable, Attainable/Achievable, Relevant, and Time-bound.This helps the organization in identifying whether their priorities are in order in regards to the well-being of the organization and the goals that they have set up for the employees, aid in the fulfilling of the organizationalgoals.

7. EMPLOYEE MOTIVATION AND CAREERBUILDING Employee motivation is one of the key elements that decide the success or failure of a business, this is why performance management solutions put extra emphasis on the grooming and career-building of an employee. This is usually done through direct and instantfeedback. Positive feedback ignites a sense of accomplishmentand recognitionintheemployeeandalsoprovidesthemwith a sense of purpose and self-worth. With APM positive feedback can be provided instantly and publicly which helps the employees build up a sense of positive competition amongst themselves and a drive to work harder to gain recognition. Whereas, constructive feedback can come off as a little harsh at the time but is just as important for the employee as positive reinforcement but is generally delivered in private in order to allow the employee to notfeel demoralized.