Living in 2021, it’s safe to say that technology has replaced almost all traditional mechanisms in the workspace. It has changed the entire dynamics of the work environment viz-a-viz Human Resources and especially revolutionized the system of performance management (PM).
Traditional methods of managing performance such as oral or written reviews, ad-hoc meetings, remediation, etc are almost obsolete and are being replaced by modern tech-based modules. These methods ensure efficiency and save a great deal of time, money, and effort on part of employees and employers.
PM system as we know it is a constructive apparatus used by a company to overlook and manage an employee’s performance in the workplace. Through new tech-based apps, tools, and dashboards, employees themselves can manage their growth and productivity in real-time. This helps them as well as the employers keep a constant check on goals and targets, and get immediate feedback.
Think about it. When everything around us is going tech, then why should our place of work take a backseat? Technology amalgamated with the PM is not only wholesome and data-driven but also focuses on improving the overall work culture and ethics. Through its robust, yet flexible structure, such modules help improve the performance of the entire company by allowing a more comprehensive outlook of an employee’s performance.
Let us take a quick sneak peek into the four ways that technology has positively impacted the PM System because the future of performance management is here. And it looks cool!
1. Improves Employee Experience
Tech-based PM System increases employee engagement and improves their overall work experience as it gets easier for them to track, assess, and review their targets. As opposed to manual processes, new modules ensure that each individual in the company can have their own performance scale customized. This increases employee engagement.
As performance will be recorded in real-time, employers can also take immediate action regarding negative feedback as well as those that may affect the company’s relations with a client. The policy of ‘Rewards and Recognition’ can also be implemented quickly as and when an employee reaches their goals. All these things contribute to a more holistic employee experience.
2. Helps Maintain Transparency At Work
A common space where teams can see each other’s growth and performance builds a more transparent and honest work environment. This can’t be possible to a great extent in a manual process of performance management since it leaves room for doubt. More transparency, more will the teams be aligned as they can clearly keep a check on each other’s progress, feedback, etc.
This sort of crystal clear technology also allows employers to evaluate their employees on real-time performance and help them measure outcomes and trace contributions. This leads to the growth of the company as a whole as everyone remains abreast with the happenings.
3. Increases Productivity
The digital tools used in PM nowadays helps in increasing the productivity of employees as their performance gets evaluated right in front of them in real-time. This motivates an employee to strive more and reach their daily targets and beyond. As the system is more fact-based and data-driven, employers can use it to motivate everyone in the company to perform better. As performance will be recorded by artificial intelligence and performance trends will be generated solely on the basis of an employee’s work, no employee will feel that the system is biased.
4. Makes Way For Audit Trails
One of the major impacts that technology has had on performance management systems is that it created audit trail access for employers. In case an employee chooses to take a legal step against a company wherein they feel that they have been wrongly evaluated on performance, the company and HR can have digital records as proof regarding the same. This makes the entire affair less expensive and time-consuming.
Every HR professional knows what a Performance Management System is worth. From effective evaluation to help employers reward and recognize employees, this system takes care of everything. A flexible, and tech-based PMS will help your company gain a holistic understanding of your employees’ performance along with their strengths and weaknesses. A tech-based PMS is data-driven, development-oriented, and suits the 21st century digital age. But automating PMS could be a complex process that also requires a great deal of change management. So, if you are looking to inculcate a sturdy PMS based on technology, then look no more. Headsup Corporation is here to help you drive the change!