Performance management is a way of providing feedback, accountability, and documentation about performance results. It is concerned with achieving individual objectives in corporate environments and ensuring that each employee works to achieve them. It converges with learning, commitment and professional management, and investments in technology will only generate improvements when there is a specific performance management strategy. Automation now plays an important role in performance management, and many of the processes involved can be simplified so that employee performance can be strategically managed. Organizations need to create a process that works for them.
This includes taking the time to evaluate what employees want from a performance management program. Human resources technology should be explicitly designed to help managers and the organization in an ongoing process. Automated performance management software can reveal objective data, making it easier to start conversations with employees. Additionally, organizations should consider using an automation tool like iSmartRecruit to manage all activities on a single screen. At this year's edition of Halogen TalentSpace Live, David Mennie, vice president of marketing and product strategy at Saba+ Halogen, shared the five essential elements of any performance management process.
- Setting clear expectations
- Providing regular feedback
- Developing employees
- Rewarding excellent performance
- Documenting results
This includes setting clear expectations, providing regular feedback, developing employees, rewarding excellent performance, and documenting results. Automation now plays an important role in performance management, and investments in technology will only generate improvements when there is a specific performance management strategy.