Question 1

What is performance management software?

Accepted Answer

performance Management software helps you identify the talent pool inside the organization. Measures and tracks employee performance and help you rate the at the year-end. An ideal performance management system should allow transparency in the reviews between the manager and the employee. This helps in eliminating the bias and rate according to the potential of the employee both technically and behaviourally

Question 2

Who uses performance management software?

Accepted Answer

The performance management system is used by every single employee of the organization and the process is owned by the Human resource department. Many organizations use a formal performance management system which can be a 180 or 360 system. Some organizations follow frameworks like SMART, KPI, and OKRs

Question 3

What are the key components of a performance management system?

Accepted Answer

•	Accurate and fair: A very vital requirement for performance management as this will cause attrition and affects employee morale. This also helps in eliminating bias

•	Compensation planning: Performance management becomes a key indicatory to planning compensation and benefits for an employee

•	Goal setting: Setting the expectations right is another important component as employee performance is directly linked with the organization’s performance.

•	Feedback: Feedback makes the process more collaborative and motivates the team to learn from the gaps and motivates the team on positive feedback

Question 4

What is the performance management process?

Accepted Answer

•	Set an organizational goal.
•	Set department and individual objectives.
•	Finalize the review cycle.
•	Design a foolproof feedback mechanism
•	Deploy continuous performance management.

Question 5

How do I choose a performance management system?

Accepted Answer

•	A performance management system is one that allows you to create goals and enables alignment to the team and individual objectives.
•	The second most important thing is the capability to initiate 180 and 360-degree reviews
•	A platform that helps you to integrate your feedback and recognition

Question 6

What are performance management best practices?

Accepted Answer

•	Goal setting with the use of OKRs
•	On-going performance-based conversations
•	Continuous 360 Feedback
•	Recognition of Performance in public
•	Autonomy in creating the objectives
•	Transparent goals

Performance Management Software

Performance Management Software

Empowering 1,000+ teams across countries