The Silicon Review
28 September, 2018
Companies around the world are actively working toward greater efficiencies in their operations through a variety of business strategies. Most of these methods are focused on improving bottom line numbers without sacrificing quality, and for many, increased efficiencies start with the sound management of personnel. According to a recent survey, an estimated 33% of employees feel engaged and productive on the job, leaving more than two-thirds disengaged and ultimately, inefficient. Without a productive, efficient workforce, companies may find it challenging to meet their short-term or long-term goals while remaining profitable.
One of the more recent tools used in improving employee efficiencies revolves around performance management systems. New technologies in the corporate world have led to innovative, beneficial developments in performance management software, allowing organizations to have a better view and understanding of employee progress and overall performance. In the efficiency category, companies can lean on performance management software to create more productive, satisfied workers while moving the need on business objectives. Here’s how that can be achieved.
Full-view Performance Management
Having an efficient workforce is crucial to running an organization that is successful over time, but efficiencies are often lost when there is a disconnection between management and their staff. This may be the case when the conventional process of delivering employee evaluations is focused on historical, potentially inaccurate or out-of-date information. Instead of a forward-looking approach to appraisals, some management teams rely too heavily on past details of employee performance which ultimately leads to inefficient reviews. Employees who feel as though their work is not meaningful enough to receive informed, timely reviews aren’t likely to be efficient on the job.
Performance management software takes away the traditional methods of appraisals and replaces them with a modern approach to employee evaluation. Managers are empowered with data that highlights employee contributions, development progress, and competencies over time, not simply from a single moment in history. This continuous access and evaluation of information creates more robust appraisal opportunities where employees feel included in the process. Ultimately, workers are more efficient because of this updated approach.
Professional Development Opportunities
All too often employees are inefficient on the job because they do not feel as though they have the right skill set to complete the tasks assigned. In some cases, a skills gap occurs because there is not a strategic system in place to help employees improve competencies related to their current and prospective careers. Integrating a performance management system with career pathing software gives employees more control over their job trajectory over time.
Utilizing career pathing solutions provides a more efficient, powerful approach to professional development, both from the employee and organizational perspectives. Offering a platform to map out career scenarios while gaining an understanding of what job skills and competencies are necessary to move forward in a position within the company boosts employee efficiencies. They can clearly see how their training and educational achievements come together with current job performance, laying a visible path for career success.
Organizations using performance management software may also improve employee efficiencies through the alignment of corporate and individual goals. Many companies struggle with sharing far-reaching organizational goals in a way that influences employee behavior. Performance management systems allow management teams to design, input, and share corporate objectives in a single platform. Employees can access this information at any time, and an individual can see how his or her work each day contributes to the big picture. Giving staff the ability to align their goals with corporate objectives is a valuable step toward increased employee efficiency.
Moving toward a more modern approach to performance management also offers management teams the opportunity to use real-time insights for decision-making. Performance management software offers always-on metrics to highlight what’s working among employees and what is missing the mark. This immediate feedback and insight tool gives managers the ability to course-correct quickly if needed, and offer up recognition when it is due. Employees are more efficient when they know the work they deliver is on point or needs changing.
Performance management software can help thwart the issues surrounding an inefficient workforce, leading to a more profitable, successful organization.
Linda is the Founder and CEO of TalentGuard, a global provider of award-winning career pathing and talent management software. Inventive and driven, she is known throughout the industry for disrupting HR technology and is the inventor of the first commercially available career pathing software solution designed to optimize employee engagement and retention. Prior to TalentGuard, Linda was a key executive at pcOrder, where she helped to transform an early stage start-up into a leading NASDAQ-listed public corporation. She also held executive roles at other start-ups and Fortune 100 companies. When she isn’t immersed in entrepreneurship, Linda enjoys being in the great outdoors, hiking, running marathons, and singing karaoke. She is an advocate of women’s leadership and empowerment and has led various prominent charities, including the Young Women’s Alliance and American Cancer Society. Linda has two amazing sons and is married to her best friend, Frank.
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