Performance management refers to an ongoing process of communication between an employee and a manager that occurs throughout the year, with the aim of accomplishing the strategic objectives of the organization. This communication process typically includes setting objectives, identifying goals, clarifying expectations, sharing feedback, and reviewing outcomes.
Unlike the traditional methods of performance management, technology today has completely revamped the process and made it an updated and more effective method that improves employee performance.
Leveraging an advanced performance management system/software, employees and supervisors can enjoy a better chance of success as best practices can be implemented successfully to manage the entire process more efficiently.
The digitization of performance management also offers more precise data and positively influences management processes and strategic development. Various technology-enabled performance management tools simplify the supervisor’s evaluation process and allow employees to become active participants in the process.
Making the shift from a manual performance management process to a more dynamic, technology-driven platform offers several advantages. Some of these include –
- Improved communication between employees and managers
- Faster and easy cascading of goals
- Enhanced standardization of management processes
- Precise and accurate annual performance ratings
- Better progress reporting across the organization
Overall, organizations using a digital performance management system are better prepared to handle the ongoing business challenges in the most effective manner.
