3 HRMS Data Tools to Help You with Tracking Employee Recognition
Targeted, relevant and real-time employee recognition can make a huge difference to employee morale, teamwork and overall profits. Many companies have initiatives to ensure that employee recognition occurs, but powering recognition initiatives via your HRMS can greatly improve their ROI. Are you using your HRMS to its fullest in the quest of tracking employee recognition?
1) Link Employee Performance to Compensation at a Goal Level
It’s basic these days, who doesn’t understand the importance of goals and having a review process that pays for performance? However, few companies have truly integrated the various pieces in a systematic manner: goals, employee performance against individual goals, compensation plans that are attached to goals and finally, compensation payout. I fear many of us shortcut the process by having goals, establishing performance reviews and then choosing an overall performance increase percentage. Employees are often surprised or disappointed when they exceeded on a goal but were only average in another, and the overall increase falls in the ‘average’ category.
Recommended Reading: HRMS Software Guide - Find the HRMS Software Incorporating Employee Recognition
Your HRMS can provide the data inputs to allow you to assign comp plans to goals and spell it out clearly to employees, to give a clear and true reading to the topic of ‘pay for performance,’ which is one of the strongest indicators of employee recognition.
2) Rewire your Thinking when it comes to Talent Pools
Often, when we think about talent we think about competencies and training. A key area of employee recognition, however, is the company investing in an employee’s future through training courses, challenge assignments and growth opportunities. Organizational silos make it difficult for a strong employee to shine among star performers in a department while a mediocre employee receives the career investment by being the best of the worst in an underachieving department. Your HRMS can allow you to standardize across your organization to assess skills and competencies thus allowing you to recognize and promote previously hidden talent.
3) Use Employee Recognition Features Inside your HRMS
Current HRMS on the market allow you to configure and track various types of recognition: employee of the month, spot bonus based on outstanding customer service, etc. Previously, such recognition would be a manual effort by the HR department or would be local to an office. When you put it into your HRMS it’s easily at hand for long term reporting and you can choose to broadcast it internally via your HRMS, thus spreading employee recognition beyond its traditional boundaries.
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