10 Important Features of an Efficient Performance Management Software

The Human resource sector constantly focuses on improving the process-flow structure and operational works to improve the engagement with employees and talent recruitment process, thereby reducing the overall cost of hiring procedures effectively. PMS / Performance management software is an ideal solution for the complicated issues in HR department. Efficient PMS software can do wonders in your business management by simplifying/accelerating the performance review and appraisal process.

However, not every Performance Management software has an equal number of features. If you are thinking about purchasing or upgrading to the ideal performance management solution for your business, you need to consider these 10 important features before finalizing the decision.

Powerful feedback system:

The most important feature of Performance Management software is its powerful feedback system. HR employees should be able to access their feedback anywhere and at anytime. Instant and accurate feedback helps to make the right decisions at the right time. Effective feedback helps in simplifying the annual appraisal process.

Dynamic goals management:

Goals are a critical element in the human resources management workflow. The ability to create and maintain dynamic goals is a must. This feature gives HR staff the power to modify career objectives over time. Employers can modify specific job requirements as changes take place in the organization or the workforce.

Data storage capability:

The right Performance Management software will include advanced data-storing capabilities to store feedbacks, check-ins, etc. Accurate history of performance data is important during appraisal periods, this gives HR management better performance insights about a group of employees.

Accurate objective measurement:

Accurate measurement of objectives is very critical to a performance management system. Complex metrics, or unclear initiatives, make it difficult to understand the performance management objectives and the outcomes between employee and employer. Measurements of performance should be intelligent, allowing easier tracking of output.

Job-based reviews:

Employers should have the ability to create and customize job-specific assessments for their teams or employees.

Social recognition:

Recognize the achievements of your employees. The benefits of social recognition are far-reaching in terms of employee engagement and talent retention thus giving both employees and employers the opportunity to engage with each other in a connected system which is a powerful advantage.

Technology integration:

Business organizations face complex issues to find software and platforms that integrate well with one another. Technology integration is the very important aspect of a Performance Management system.

Customizable reporting:

This functionality gives employers the ability to generate various types of reports based on performance evaluation needs. Completion status reports should also be available, all based on the employees, their managers, and other components of the performance review program.

Succession planning:

Succession planning in this sense means employees moving to the next phase of their career within the business organization. Employees are set-up for success based on their competencies and skills. Both coaching and career development tools should be included in the performance management solution to ensure succession planning is seamless and proactive.

Actionable insights:

Performance management software must present employers with actionable insights that can be used in all aspects of employee evaluations.

Thinking about integrating performance management software? At CEM, we have over 16 years of experience and are a certified Microsoft partner. Get a quote today!