Performance Management

Human Resources

Definition

Performance Management is the process of monitoring and evaluating employee performance to improve efficiency and achieve organizational goals.

Detailed Description

Performance Management within an ERP system involves the systematic process by which an organization involves its employees in improving organizational effectiveness in the accomplishment of the company’s mission and goals. This can encompass setting objectives, measuring outcomes, providing feedback, and encouraging development through training or career progression. An effective performance management system aligns individual performance with organizational goals, providing a cohesive mechanism for driving growth in both employee skills and company productivity.

Key Features

Continuous feedback
Development planning
Goal setting and alignment
Performance analytics
Performance evaluations

Common Modules

Employee Appraisal Module

Facilitates the structured review and evaluation of employee performance based on predefined criteria and objectives.

Feedback and Coaching Module

Supports continuous feedback mechanisms and coaching practices to improve employee learning and development.

Goal Management Module

Assists in setting, monitoring, and achieving individual and team goals aligned with organizational objectives.

Popular Implementations

Implementation in a Sales Organization

A sales organization upgraded their ERP system to include advanced performance management features, resulting in improved sales team productivity through targeted training programs based on performance data.