The future of talent development and performance management is a dynamic, collaborative process that combines data-driven insights and an employee-centric focus. And in order to best deliver the personalized growth and meaningful engagement today’s employees demand, organizations must invest in smart technologies that can help them meet ever-changing workforce needs.
By leveraging today’s performance management technologies HR leaders and company managers can turn performance management into a performance partnership that benefits both the organization and the individual.
Tips for Success:
Cloud-based performance management technology can make the process much easier by:
- Helping to avoid blind-siding an employee – Employees deserve to know more about how their performance is perceived in real-time and not be kept in the dark; and often blindsided by an evaluation months later. Platforms that enable employees to solicit feedback on-demand, such as ReviewCloud, empower them to take control of their own growth. Giving team peers the ability to provide 360 degree feedback creates a collaborative culture of continuous improvement.
- Providing management evaluation guidance – Not every manager is equipped to provide feedback. In fact, over a third say they’re uncomfortable doing so, and 1 in 5 even struggle with praising employees for a job well done. Aside from offering performance coaching and training to managers, HR teams can use a review platform that leverages AI to suggest topics for discussion and even offers empathetic phrasing of questions or comments. This can help both managers and employees feel better about the process and drive better results.
- Encouraging collaborative goal setting – Employees who work with managers to set performance goals and link them to the organization’s overall goals are nearly 4X more likely to be engaged. Collaborative goal setting enables employees to see how their work adds value, helps managers foster personal investment within their teams and demonstrates a commitment to mutual growth. It also injects transparency into the process, measurement and results, which helps employees feel more engaged and in control of their own destiny.
- Offering personalized career pathing – Just as employees differ in their strengths and skills, they also differ in their career goals. Not everyone wants a supervisory role—some may be more interested in cross-training or strategic positions. Tools like kareer.ai use AI to help map an ideal career path based on a behavioral preferences and skills profile compared against crowd-sourced CV profiles, as well as identify the skills needed to follow that path. This kind of personalized, forward-looking approach is essential for companies looking to retain promising talent.
Tools to look for in a performance management system:
Newer technologies are giving HR teams the tools to build an integrated performance management and talent development program that serves the needs of the company and individual employees, such as:
- Great Feedback
- Simple Software
- Noticeable ROI
- Communication Aligned to Your Mission
- Real-time Reporting
- Flexible & Customizable
- Dashboard Analytics
- HRIS Integration
- Knowledgebase & Training Videos
- Cloud-based Access & Full Mobility
While many companies fear investing in an employee only to have them leave for another opportunity, the truth is, they can’t afford not to. Investing in employee growth is about more than just the financial gain: it’s essential for attracting and retaining the talent you need to achieve business objectives.
