What is employee performance?

Employee Performance means the level at which your employees are performing.

Employee performance is more than just completing the "dreaded" annual review in order to get the annual bonus or pay increase. It is an ongoing activity with the ultimate goal of improving both individual and corporate performance.Employees set their objectives for the upcoming review period; monitor their progress against those objectives, and develop the right set of skills and objectives for the future.

Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results.Andrew Carnegie

(1835 - 1919)

The appraisal process is made up of three stages:

1. Goal setting - set goals and objectives for the upcoming review period
2. Evaluation - assess the employee's performance against the established goals and objectives
3. Improve performance and skill development - career planning, training, personal development, coaching, mentoring and more

Why should an organization consider implementing an Employee Performance Management (EPM) solution?

1. Automation - save time and money by automating this potentially labour intensive activity. Not only will organizations become more efficient, they will be able to improve on their HR reporting and analytics.
2. Goal Alignment - the goals and objectives of the organization can be cascaded down to every level of the organization. Everyone in the organization will be working towards a common objective.
3. Remote Workers - technology and the nature of the work force has made alternative working arrangements a reality. Employees no longer have to physically be in the office in order to do their job. With an EMP solution, managers and employees can collaborate on their performance objectives.
4. Flexibility - EMP solutions can be configured to meet the unique needs of every organization.
5. Competency Management - every organization has specific competencies that are important for the company, departments and roles that can easily be managed using EMP software.
6. Talent Management - EPM is an important part of the Talent Management Process. It helps to identify known competencies for success, develop succession plans, pinpoint talent gaps, and establish compensation scales.

The employee performance management solution allows organizations to manage their talent in order to maximize their human resources in order to gain a competitive advantage.