What is a Performance Management System
Performance management involves managing and leading an organization in a way that motivates and engages employees to perform better. However, good performance is not everything. The performance and the work that employees put in must align with the organization's goals. As an HR team, it can be easy to get caught up in building a workplace full of guidelines and documents that must be followed. Performance does not come from that, but from a culture that is inspiring enough for employees to want to perform better.
Performance is about engagement, but also about employees being recognized and rewarded for their achievements. Without incentives or any type of bonus, there is no drive or desire to perform better. So how do you measure performance, growing skills, and developing talent? By regularly conducting performance reviews. However, thinking of a performance review as evaluating an employee's performance once a year is insufficient. What happens if the employee loses engagement during the year? Catch it in time with a performance management system that helps with regular feedback and ensures that performance aligns with the company's goals.
Today, there are tools available for performance management. By using such a tool, it becomes easier to work systematically with performance. One example of what such a system can do is measure progress with KPIs and set up recurring check-ins and conversations with your employees.
At BusinessWith, we provide you with an overview of the tools available so that you can compare and choose the best performance management system for your organization. Make use of our system guide right away. When comparing the tools available on the market, feel free to ask for demos or refer to the provider's references. Your goal should be to find a tool that fits your company best.
Therefore, do not hesitate to look at what systems your competitors are using. It can give you a hint of what you should have, but it is also possible to tailor a solution just for you.
A good performance management system can help you reduce employee turnover – be sure to evaluate how the system works for you after a while. Increased performance in the organization can lead to a range of other benefits. A workforce that thrives and is happy leads to good internal ambassadors and an increased willingness to perform, helping your company succeed even better with its goals. Welcome to compare and choose a performance management system directly at BusinessWith – we have the system for you and your business.
Quick Guide
List of 19 different Performance Management Systems
Quick Guide
What are the benefits of a Performance Management System?
The performance review or performance management system you choose should help those using the tool become better leaders. For employees to feel seen and heard at the workplace, and to feel that this is an employer that cares about them and helps them grow – is easier said than done. An unclear job role can be a significant reason for changing jobs, something that a performance management system counteracts.
With a performance management tool, it becomes easier and more transparent to agree on common goals. It also becomes clearer for both managers and employees to ensure that performance aligns with the organization's goals and that values are upheld.
Choose a system that is user-friendly and automates as many parts as possible for the HR team or managers.
Description of product features
360 degree feedback
Continuous employee reviews
Development plans
OKRs
Performance evaluations
Personal profiles
Reports
Skills mapping
