Six Advantages To Tech-Enabled Performance Management

Whether you are running a big organization with hundreds of employees, or a small company with just tens, employee performance is a critical component for the survival of your business. Although the methodology, approach, and complexity may differ from a company to another based on the internal culture, industry, size or other factors, the core of a successfully implemented performance management remains the same; technology.

Based on the recent changes introduced to the workplace such as transparency, data availability, access to resources and competitive demand on them, new concepts became part of modern organizations, which can form the distinction between their survival or failure. Whereas previously, employees were just a component within an organization, now, successful employment is at the core, and employee experience is a goal that most organizations strive to achieve, as it helps increase productivity, retention and company stability.

Learn how SimpleStrata can help you measure your employee performance in an easy and engaging way. Try it now

To achieve an employee experience which attracts and retains the targeted highly skilled workforce, an organization must have a robust performance management system, which provides an accurate and fair evaluation of employees, while at the same time, is considered easy to understand and adopt, by both the HR personnel and other employees.

Thus, the traditional manual performance management is not an option, even for small companies, as it results in a huge waste of time, inaccuracy of data, lack of visibility, subjectivity, and conflicts. Consequently, it ends up as an annoying process for all the involved.

On the other hand, executing your performance management process through a system yields a bunch of advantages, below are the main ones, to mention just a few.

• Instant access and visibility to real-time results
  Reporting the actual of a KPI, or the progress of the task as soon as it is completed, provides a real-time update to performance. In addition, having performance scores instantly generated, provides visibility to the HR and performance staff, as well as for the employees themselves, which makes performance reviews a smoother and less awkward task for all parties.
• Self-motivation and triggering
  As humans, we love to see ourselves winning and be perceived by others as such. By knowing their scores and visualizing their progress, employees will be self-motivated to perform better and be more productive, so that they could keep their state as winners, or improve it to be so.
• Accurate planning and reporting
  Planning is key to success. However, unclear targets or invisibility on current performance prevent accurate planning, since the employee doesn’t know where he currently stands, or where he wants to reach next. A well-designed performance management tool displays instant updates to current performance status, while it also allows employees to plan their activities to achieve their results and take corrective actions in time.
• Reference availability
  With a proper performance management tool in place, all performance-related data is saved in one place and available for reference at any point in time. This is important for employees as well as performance personnel as it reduces debates and conflicts, and facilitates other processes such as training and development, performance reviews, appraisals, and so on.
• Better employee experience
  Employees already have enough tasks on their plates that they don’t have the time to waste on collecting and reporting performance data manually in the traditional ways. Providing a performance system to your organization members facilitates the process of monitoring and reporting results, and makes it a fun activity to do so, thus enhancing the overall employee experience.
• Alignment
  Having all the performance data saved in one place helps in visualizing the relations and dependencies between the different employees’ KPIs, jobs, and tasks. Automating task assignments and reporting facilitate collaboration and communication between employees and help them understand how their jobs interrelate with each other, and how they can cooperate for optimized performance. This reflects into better alignment between the organization members and towards achieving the company’s goals.

Implementing the right performance management tool will allow you to witness those advantages, which you won’t be able to achieve if you are using traditional ways for monitoring and tracking performance, such as emails, excel sheets and annual reviews.

At SimpleStrata, we’ve accompanied several organizations through this journey, and our numbers speak for themselves. As of now, more than 5,000 employees are effectively reporting and tracking their KPIs through SimpleStrata, with increased engagement and productivity levels.

Are you struggling to manage your employees’ performance and increase their work productivity?

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