Strategic HR Technology Investment: A Comprehensive Checklist for Global HR Teams
Time has changed, and this question is no longer debatable anymore. Today’s corporate world, 80% of which is functioning virtually, has long since embraced performance appraisal software and has understood the significance of having one in place. In fact, since the pandemic hit, you’ll know that there’s a steady change taking place regarding employee performance management and employee engagement. The performance review process is, not so quietly, being replaced by employee performance appraisal software.
This is not a death knell of the performance review process. The process will continue to exist. But it signals that nobody has patience for the old ways of carrying out a performance review process anymore. To be honest, the process has long been due for a change.
The concept of the performance management began the in the early 1900s. Several sources have mentioned several names, so it is hard to pinpoint who exactly came up with the idea. But one thing all the sources agreed upon was the fact that performance management seems to have come into being sometimes during the early 1900s. But it wasn’t until the 1950s that the concept of performance management really picked up. Employers began to understand that in order for employees to perform well or to be motivated to perform well, they needed encouragement and motivation.
Since then, performance review cycled through many iterations, including Jack Welch’s rank and yank system at General Electric and Google’s prolific use of goals and objectives to motivate employees.
Also read: Why do you need a Real Time Performance Management Software
In present times, however, there are a lot of conflicting ideas about what makes up performance management. Many companies which were once pioneers in the performance review process, such as General Electric, Enron, IBM, Motorola, and others, have either done away with the processes that brought them recognition or have themselves dissolved. The current trend is, of course, to get the review process off papers and take it online. In the past few years, so a good deal of software applications have appeared in the market. Is it any better than the traditional performance process? Definitely!
The problem with traditional performance reviews is that so many of them heavily rely on paper. It becomes a cumbersome task to take all of that paper and merge it into a review. With software, on the other hand, all you need to do is input your review. Most performance review software applications will even collate all your performance reviews into one handy document.
Performance review applications make it easier for employees and managers to give continuous feedback. Feedback works best when it is given and received at regular intervals and is real time.
Continuous feedback isn’t something that is just reserved for a certain breed of employees. Constructive feedback is for everyone. It can help struggling employees improve, it can help good employees become better, and it might even help struggling employees figure out if they are suited for different job roles.
Also read: 6 Reasons To Invest In A Performance Appraisal Software
Most employee performance appraisal software applications come with a whole host of features that help aid the performance review process. Engagedly for instance, also has the OKR module which allows you to add and monitor goals and objectives for employees, 360 multirater feedback module, a continuous feedback model, all of which can be utilized during the performance review so that managers have a broad and comprehensive overview of how their employees are doing. Additionally, these features also make tracking an employee’s performance a lot easier.
Do you want to know how Engagedly can help you with seamless Performance Evaluation? Then request for a live demo.
