How an AUTOMATED Performance Appraisal process can help increase your revenue
It is the most awaited time of the year for the talent pool that you have hired in your organization. Yes, it is the performance appraisal time. Employee Satisfaction and high attrition rate to a large extent are dependent on the annual appraisals. According to a survey on Glassdoor, the top reason for employees to leave a job is low salary. Other than adding extra costs to the organization, employee attrition leads to a painful lengthy process- job posting, multiple steps of hiring, paperwork, new hire training and so on.
With the right employee management software, you can automate this entire process, thus, reducing biases and increasing your employee satisfaction. It further helps in increasing the company’s overall revenue. While there are many software in the market most of them are dedicated to large enterprises. Deskera brings to the SMEs an equally competent and cloud-based human resource management system (HRMS) software.
“Initially, our entire human resource process was being managed manually. One of the major problems that we faced was mapping of employee goals and performance indicators. This often gave rise to appraisal concerns amongst the employees,” said Milind Bansal, founder and CEO of Milind Textiles-a cloth manufacturing firm in Surat. “Deskera HRMS was found to be the perfect fit for addressing this issue and automating the human resource process. In the last two years the attrition rate of our employees has been minimum. Additionally, an overall 40% productivity increase was noticed,” he further added.
Deskera HRMS has a dedicated performance appraisal module. By aligning the goals of the workforce with the broader organizational goals, the software helps automate the entire process. The module excels in providing the most powerful tools to streamline, and enhance the complete performance management process. From establishing strategy-driven goals and competencies for an employee to assessing employee performance against these goals, everything is featured in Deskera HRMS. It also provides continual feedback on the employee performance in order to administer employee appraisals and performance reviews.
Some of the features of Deskera HRMS – Performance Appraisal are listed below:
Configure Appraisal Cycle: Deskera Performance Management enables you to configure multiple appraisal cycles of your organization, including the dates for submission of the appraisal forms. Being on cloud the employees and managers can access it on any internet enabled device anytime, anywhere.
Goal Management: The software makes it simple and manageable to set employee goals by defining deliverables, weights, priority level, as well as deadlines for each goal.
Competency Management: It enables you to set competency requirements based on the job and business needs by simply adding required competencies and assigning corresponding weights.
Initiate Appraisal: Deskera Performance Management facilitates choosing the appraisal cycle and initiate the appraisal process for one or all employees with a single click.
Fill Appraisal Form: It provides you an interface to evaluate employee performance by assigning ratings to reflect his/her actual performance in comparison to the required competencies and goals through an appraisal form.
Review Appraisals: You can assign a reviewer for each employee to review corresponding appraisal reports containing employee ratings, as well as manager ratings.
Assign Performance Rating: A manager can assign overall performance ratings and promotion recommendations for each employee based on the goal and competency evaluation.
Appraisal Reports: The tool gives managers an intuitive interface to view past appraisal records of all his employees through comprehensive appraisal reports.