As a modern leader, it’s arguable that the most simple and impactful thing you can do is to make sure each person in your team feels valued – something you can now achieve by using employee performance software.
When organizations are full of people who are motivated by recognition, the praise and feedback they receive about their work need to be data-driven and a regular part of everyday operations. This software can also be useful in the recruitment process.
For more on how using employee performance software can help you to stay ahead of the game, continue reading our post.
Traditional reviews are outdated
Traditional employee performance appraisals, which usually happen just once a year, are often one-sided, hardly meaningful and may not be reflective of an employee’s growth throughout the year.
While it’s proven that employee reviews must happen more often, they should also take less time.
With the introduction of more technology-based employee performance software, improving human capital performance management to be more efficient and transparent and overall decision-making in your organization is much easier.
Use employee performance software to hire the best talent
With employee turnover increasing annually, especially among new hires, it’s important to hire the right candidate for any job. This can now be done by identifying their specific sets of behaviors and skills.
By identifying their unique interests, characteristics, and talents, you’re able to recognize the best performers for each position, beyond just existing skills and experience. This, in turn, ensures long-term retention and loyalty to the company and prevents hiring costs from going to waste.
Speed up the hiring process and save related costs
On average, it is estimated that hiring a new employee costs approximately $4000 and takes 50 days. This, understandably, can be a massive drain on company resources.
Employee performance software can speed up the process of hiring in a way that not only reduces the high costs associated with this process but also saves time and maintains the productivity of the organisation and its managers/HR professionals.
Find the right team fit for each employee for improved engagement
With psychometric tools that give you real-time dynamic reports to ensure teams are comprised of specialized, highly skilled individuals with the right attitudes and behaviors, you can streamline your output and ensure that whatever your team produces is of the best quality.
This, in turn, can increase tenure, improve the workplace experience, and help you identify issues and potential challenges and make the necessary adjustments in advance.
You can also use these tools to boost engagement and help employees achieve their aspirations and goals within a team setting. After all, teamwork makes the dream work.
Understand who you work with on a more meaningful level
Through the analysis provided by psychometric tests, you’re able to better understand each individual’s personality, workplace behaviors, strengths, challenges and compatibility with his/her job and team.
In the long run, this ensures connectivity and engagement between employees. This makes the achievement of business and personal goals much easier.
By measuring performance and feedback from team members on a daily basis, it’s possible to improve collaboration and communication and even create personalized career development plans.
Use it as a basis of providing praise and recognition
Did you know that a study once found that 80% of employees stated that they work harder when they feel appreciated for their work? Almost 43% of employees claim to feel more motivated when they’re treated well!
With employee performance software, feedback can be instantly provided online and is considerably more data-driven because it’s active data that’s being used to provide these insights.
Since feedback is given in real-time, it’s valid, accurate and meaningful. You can identify high-performing employees who feel undervalued and take action before burnout sets in or find underperforming individuals and explore ways to help them improve.
Foster a productive and skilled workforce with employee performance software
Employee performance software helps you ensure that employee recognition is both authentic and a more frequent part of your employee communication.