Business development can be one of the fastest ways to grow your business. Here Vincenzo Trani described ways to help you take your business to the next level.
Business development can be one of the fastest ways to grow your business.
Here Vincenzo Trani described ways to help you take your business to the next level.
Most of the HRIS available in the market has got the performance management module since many years.
I wouldn’t blame the HRIS designers or HR professionals who have helped them design and code it into the system because they have been following the traditional flow/ process of a typical PMS.The traditional age-old process of PMS comprises of the following :1.
Employees and managers set KRA and KPA at the beginning of the year2.The setting of targets/ goals for each KPA/ KPI whether measurable or not.3.
HR converts the achievement into %ge achieved and give rating post normalisationI have worked at leadership levels in HR across many organisations, Indian and multinational and have interacted and closely felt the pain of the stakeholders namely employees, managers and CEO/ MD.
This renders the entire performance management system useless.Data analytics real-time-This is next to impossible as there is no way to find out the performance trends, top and bottom performers, pin point performance issues, bell curving, performance scores for the month, and YTD scores.Bias-Since targets and achievements are inputted by managers and individuals, there is a huge chance of bias.Dovetailed and relevant goals-this is only in theory where individual goals are dovetailed to department goals and department goals are dovetailed to company goals.
Generally, those goals which are easy and convenient to achieve are what is put inside the PMS system and hence companies land up in a situation where individuals achieve their targets but companies fall short of the target.
First of all it is important for our business to quickly adapt with the latest technology development.Here we have considered 4 benefits that grow your business with mobile apps.
