|
This particular module manages annual appraisals, KRA, goals and project based performance leading to E-compensation. Exenta’s Performance Management module is power-packed with great features, an excellent Graphical User Interface and an intuitive dashboard. The whole aim of this module is to constantly track the performance and develop the capabilities of teams. With this tool you can plan your own strategy for performance review by clearly defining objectives for individuals as well as teams, tracking their progress. You can highlight Key Result Areas, add remarks for an employee that can help the final review and track the performance throughout the year through an intuitive GUI and reports. Later, a complete, quick and hassle free appraisal is possible through customizable web based appraisal forms, which can be reviewed either by a single manager or multiple managers. Based on the review, the module can plan the E-compensation by considering factors such as company budget, base salary, bonus and incentives etc. The tool can also define requirement of training wherever necessary. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product of service, as well as many other areas. Performance management is both strategic and an integrated approach to delivering successful results in organizations by improving performance and developing the capabilities of teams and individuals. The term performance management gained its popularity in 1980’s when total quality management programs received utmost importance achievement of superior standards and quality performance. Tools such as job design, leadership development, training and reward system received an equal impetus along with the traditional performance appraisal process in the new comprehensive and a much wider framework. Performance management is an ongoing communication process which is carried between the supervisors and the employees throughout the year. The process is very much cyclical and continuous in nature. Exenta’s PM module is been designed to fit your needs regardless of organization size, industry or location. It helps the organizations face the big challenges of improving employee performance, also supports an appraiser with an apt strategy of appraisal, like 360 degree, or lets him put up his own method , along with the model currently in use. The appraiser can readily utilize preset questionnaires (forms) for employee assessment and evaluation. A good performance management system works towards the improvement of the overall organizational performance by managing the performances of teams and individuals for ensuring the achievement of the overall organizational ambitions and goals. An effective performance management system can play a very crucial role in managing the performance in an organization by: - Ensuring the employees understand the importance of their contributions to the organizational goals and objectives. - Ensuring each employee understands what is expected from them and equally ascertaining whether the employees possess the required skills and support for fulfilling such expectations. - Ensuring proper aligning or linking of objectives and facilitating effective communication throughout the organization. Key Features Setup of Appraisal Managers and Appraisee E-Compensation Appraisal Management (Scheduling and Review) Track and Monitor Performance, Learning and Development Goal/Journal/KRA/Competency/Development Plan Management Identify Key positions in order to timely prepare candidates to fill the vacancies Appraisal questionnaire template setup Benefits Create goals, track progress and manage performance Journals – Enter comments, notes and attach documentation to an employee’s profile anytime throughout the year to help ensure more accurate reviews Complete appraisals in a fraction of the time with easy-to-use web-based appraisal forms Single and multiple manager review capability setup through Workflow Create your own appraisal templates with questionnaire Ability to setup own appraisal method that suit your organization, including 360 degree E-Compensation, decide compensation by considering factors such as company budget, base salary, bonus etc. based on performance Standardized company, department and individual reports Obtain various reports from dashboard related to Goal progress, Appraisal status, Scores etc Providing maximum opportunities for career growth Recognizing and rewarding good performance in an organization Evaluating performance and distributing incentives and rewards on a fair and equated basis
Related Articles -
Exenta, Performance Management, Human Resource, Modules, HRMS,
|
