How HRMS can improve employee performance reviews
Providing employee feedback is critical for any organization that wants to improve their people processes and ensure they’re always providing the best products and services. As organizations continue to become more diverse and technology evolves, the perception of performance reviews has changed drastically. Here are 5 ways in which HRMS can help HR leaders keep up with the trends and improve performance reviews:
1. Encourage collaboration
90% of HR professionals believe that feedback from both managers and team members depicts a more accurate review of an employee’s performance. HRMS with the right performance and social collaboration tools empower team members to participate in peer assessments. Peer assessments engage the entire workforce and help to identify strengths and shortcomings within a department. According to SHRM, the ultimate goal for organizations is to build a transparent and safe working environment where it’s normal for employees to provide other employees with feedback.
2. Tailor reviews to each individual
With five generations colliding in the workplace, managers are facing unprecedented challenges surrounding performance reviews. Generations like the Baby Boomers may prefer the more traditional approach of annual performance reviews while Millennials and Gen Z demand constant feedback. HRMS that includes an assortment of performance review options like agile reviews, peer assessments, and talent assessments help HR leaders and managers tailor reviews in a way that’s most effective for each individual.
3. Provide real-time feedback
72% of millennials who consistently receive feedback from their managers experience satisfaction in the workplace, and as a result, are more engaged. Real-time feedback helps employees address their weaknesses from the onset and adjust accordingly. It also shows that managers are actively engaged and paying attention to employees and their contributions.
4. Goal Setting
HRMS helps with defining Specific, Measurable, Actionable, Relevant, and Timely (SMART) goals. By setting and tracking these goals in an HRMS, employees, managers, and team members can have visibility into individual or department goals. HRMS technology can highlight progress, milestones, and short fallings keeping every team member accountable.
5. Terminations with Poise
A strong HRMS will store all employee data in one secure place. This means that everything should always be documented and easily accessible. By having one place for all employee data, managers can have an ongoing record of all performance issues while also providing transparency to an employee for when they are not hitting their goals. Transparency and consistent record keeping help make termination conversations easier as referencing documents and data can limit the feelings of resentment towards a manager or organization.
HRMS can greatly help with the gathering of accurate data, increasing employee engagement, and providing transparency throughout an organization. However, managers need to ensure they’re taking that data and maintaining the human aspect of employee reviews through real conversations with coaching and constructive criticism on ways in which individuals can improve.
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