HCM 2.0 - Cloud Based Performance Management Software

HCM 2.0 - Cloud Based Performance Management Software 

The success of any business depends on how the employees work to achieve the strategic goals of the company. If you don't have firm grip of the activities of your business, then you will not be able to  know the progress that your business is making or not making. This is why many of the small and medium sized companies are now turning to the latest cloud based performance management software that will help in getting in depth knowledge of the performance of their employees at their fingertips. If you have a modern and state of the art performance management software in place, you will be able to get information about every employee's performance that you will need to retain, reward and also achieve the goals there by outperforming your competitors.

Simplifies Performance Review

Gone are the days when you need to do a lot of paperwork and spend lots of sleepless nights to evaluate and report the performance of every employee in your organization. With a top end HCM 2.0 - cloud based performance management software, you will be able to easily streamline the process of performance review of employees making use of an easy to use single page analysis approach to get full details of the performance. This will help in improving the performance of the managers and their teams better than before.

Benefits of Using the Software

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      The employee performance will be greatly improved as managers will have the power to line up the performance of the employees with the strategies of the organization. They will get regular feedback about the performance and can mentor their employees as and when required.

·        Goal setting becomes easy for the managers. There are many tools that will help in developing meaningful and realistic goals in alignment with the employees and their managers.

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      You will be able to track  the skills and the capabilities of the employees in the organization through  the feedback app. You will get detailed and most comprehensive data at your fingertips about each and every employee.  

·         The software is developed for small and medium sized business that is looking to increase the productivity of their business and also looking to keep a good track of the performance of their employees to achieve the set goals of the business.

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         The top talent of the organization can easily be identified with the help of the Talent management module of the HCM 2.0 software and this way you can even identify the potential leaders of your business.

There is no doubt that scandium Corporation's cloud based performance management software is changing the way the business are carrying out performance reviews. This is a faster, easier and highly productive alternative approach to keeping track of the performance of the employees.   It gives you the freedom to concentrate on other works at hand. The managers are handed over a complete set of tools to carry out regular, competent and fair performance discussions that will help them to gain better performance and produce results out of their employees. It will also help in building better relationships with the employees.   

 For more information please send an email to info@scandiumcorp.com or call toll free 1-888-483-7866.

Talent Management and Succession Planning

Talent Management

The talent review process helps in understanding the talent you have, identifying the talent you are missing, and creating the plans to address them.  Talent Review and Succession Planning process must address the issues companies facing in implementing the formal process that will minimize the paper work and maximize the ROI.

Talent review process establishes the periodic evaluation of the company's leaders consistently. About 25 percent of the companies do not have a formal process or do not engage in talent management.  Talent management process is paramount to the long term success of any great company.  Lacking a systematic process for the succession planning leads to chaos, unstable environment and potentially shareholders may lose their investment.  There are documented evidence of departure of high profile CEOs coupled with lack of successors lead to loss of shareholder values.

The talent management process helps to understand the quality of the people and to plan for succession by predicting which leaders will be successful and benefit the company in the long term.  The process must provide all necessary information to evaluate the successors and guide how the company plans to invest in the potential successors.

Talent Management Process

The main objective of the process is to predict which employees will progress and succeed in the long term.  Some guidelines for choosing the successors and establishing review methods

• Intelligent people with high performance
• Conscientious personality
• Create a Performance vs Potential Matrix
• Typically three performance categories and three potential categories will be enough
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Step by Step Approach for the Talent Review 

1. Discuss with the managers about the process
2. Train the managers using the tools such as HCM 2.0
3. Discuss with managers about the PxP matrix 
4. Agree on development activities
5. Record and track the progress'
6. Discuss potential against real opportunities
7. Review all managerial talent twice a year.
8. Keep the process transparent to all employees
9. Hold the managers accountable and employees should know about the process
10. Managers should follow up with the development plan

For more information about the HCM 2.0 Talent Management software, please email steve@baaptechnologies.com or call 510-565-6345
 

Employee Performance Management

Employee Performance Management

Performance Management process is a time consuming and mundane process   Managers and the people tasked with performance management drag their feet until they are forced to do the evaluation of individuals.

The main objective of the performance management is to align the employee's effort with the large business objectives & strategies and evaluate the performance of each employee in accomplishing them.  However, in the past 40 years the performance management became a complicated and convoluted process that in the end does not adequately address the needs of any company.  The employee performance results do not translate into employee growth and eventually business growth.

The performance management process should be simple, goal oriented, and definitely add value to the process so that the managers and HR should get excited to use the system.  BAAP Technologies's HCM 2.0 software addresses these issues by incorporating the concept that the system is simple, set goals and evaluate them.  It operates on the simple concept of Specific, Important and Measurable goals as described below. 

• The goals that motivate people to work
• Come up clear and specific goals
• Limit the number to 3-5 important goals
• Measure those goals relatively quickly (using real time status feed)
• Sum up the results

The performance management approach should clearly focus on improving the employee performance and align the performance with business objectives.  It should also reduce the amount of time it takes to do the performance evaluation.  Ideally, if it can be done in 10 min or less, both employees and managers would love the system.

In the next blog, I will write in a bit more detail about setting goals and measuring them.

For more information and demo about the HCM 2.0 software, please email info@baaptechnologies.com or call 510-396-2717.